Woori’s AT1 debt gets tepid response

South Korea's second-biggest lender taps bond market ahead of US Fed's interest rate decision but finds a poor reception from investors.

Woori Bank, the second-largest lender in Korea, priced a $500 million additional tier-1 (AT1) bond at a yield of 4.5% on Tuesday night. But the bank's decision to come to the market ahead of a US interest rate decision appeared to have limited demand for the deal.

¬ Haymarket Media Limited. All rights reserved.

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