trending Market Intelligence /marketintelligence/en/news-insights/trending/mFKS90DYOy4Wsuc2W586oQ2 content esgSubNav
In This List

Woori Card raises US$300M via ABS offering

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022


Woori Card raises US$300M via ABS offering

Woori Bank unit Woori Card Co. Ltd. raised US$300 million from the sale of asset-backed securities to HSBC Holdings Plc, Edaily reported Jan. 24.

The asset-backed floating-rate notes are due January 2021, Fitch Ratings said Jan. 23. The issuance consists of notes backed by credit card receivables denominated in won originated by Woori Card.

The proceeds will be used to pay off debts and for general corporate use, EDaily reported.