May 8, 2008 / 6:26 AM / 11 years ago

S.Korea Woori Bank plans $300 mln ringgit-bond sale

SEOUL, May 8 (Reuters) - Woori Bank, a unit of South Korea’s Woori Finance Holdings 053000.KS, plans to sell about $300 million worth of bonds in ringgit during May to secure liquidity, a bank official said on Thursday.

The maturity of the new issue would be either three or five years, subject to market conditions, said the official, who asked not to be named.

“We are aiming for about $300 million. If market conditions are favourable, we can go for $500 million of five years.”

Reporting by Kim Yeon-hee; Editing by Ken Wills

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