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Woori Bank issues 200B won of hybrid securities

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Woori Bank issues 200B won of hybrid securities

South Korea's Woori Bank issued 200 billion won of hybrid securities, Yonhap News Agency reported.

The issuance comprised 150 billion of 10-year subordinated bonds with a coupon of 3.33% and 50 billion of 15-year subordinated bonds with a coupon of 3.57%.

The bank said the issuance was part of its effort to improve its Bank for International Settlements capital ratios.

As of May 28, US$1 was equivalent to 1,073.98 South Korean won.