Woori Bank announced on the 27th that it has succeeded in issuing US$550 million (equivalent to KRW 600 billion) of foreign currency ESG senior bonds at the lowest interest rate ever among the dollar benchmark bonds among domestic commercial banks, driven by high interest from global investors.
For the bonds issued this time, the coupon rate is 0.75% by adding 45bp to the US 5-year Treasury Bond, and the maturity is 5 years. The total number of investors is 110 institutions, and the distribution by region is 60% in Asia, 31% in Europe and the Middle East, and 9% in the US.
In addition, this bond was issued as an ESG bond for the purpose of socially responsible investment such as the environment, society, and governance, and the funding was sustainable by developing new and renewable energy and creating jobs in line with the support of corona19 victims and the Korean New Deal policy. Used in business for growth.
An official of Woori Bank said, “Amid the global corona19 re-proliferation, we actively explained Woori Bank’s excellent asset quality and solid financial performance to attract investors.” “We will continue to issue ESG bonds for sustainability.” Revealed.
Meanwhile, Woori Bank issued KRW-denominated sustainable bonds ▲2019 (200 billion won) and ▲2020 (750 billion won), while foreign currency sustainable bonds ▲2019 (US$ 450 million, Formosa bonds), ▲2020 ( A$400 million, Kangaroo Corona 19 recovery support sustainable bond) was issued twice. [프레스맨]
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