New Issue-Woori Bank sells $500 mln in 10-yr notes

Wed Apr 6, 2011 1:33pm EDT

  April 6 (Reuters) - Woori Bank, a unit of Woori Finance
Holdings Co Ltd (WF.N) on Wednesday sold $500 million of notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.
  Barclays, BNP Paribas, Bank of America Merrill Lynch,
HSBC, JP Morgan, UBS and Woori Bank were the joint bookrunning
managers for the sale.
BORROWER: WOORI BANK
AMT $500 MLN      COUPON 5.875 PCT    MATURITY 4/13/2021 
TYPE NTS          ISS PRICE 98.915    FIRST PAY 10/13/2011
MOODY'S A2        YIELD 6.021 PCT     SETTLEMENT 4/13/2011
S&P BBB-PLUS      SPREAD 250 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS     MORE THAN TREAS    NON-CALLABLE N/A   

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After wave of QE, onus shifts to leaders to boost economy

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