April 19, 2024
Stocks & Bonds
Woori Bank sells US$300m bonds in Taiwan
[THE INVESTOR] Korean lender Woori Bank said on Jan. 16 that it has issued US$300 million worth of bonds in Taiwan.
The Formosa bonds will mature in five years and carry a floating rate with the spread set at 0.87 percentage point, plus the three-month London Interbank Offered Rate, which is a benchmark interest rate in the global financial market, the bank said.
Formosa bonds refer to bonds issued in Taiwan but denominated in a currency other than the Taiwanese currency.
The proceeds will be used to repay debt, the bank said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
