ID :
27498
Thu, 10/30/2008 - 16:40
Auther :
Shortlink :
https://www.oananews.org//node/27498
The shortlink copeid
Woori Bank sells US$45 mln bonds abroad
SEOUL, Oct. 30 (Yonhap) -- Woori Bank, South Korea's second-biggest lender, said Thursday it has sold US$45 million worth of bonds to overseas investors to meet its foreign currency needs.
The floating-rate notes carry an interest rate of 3.5 percent higher than the
London Interbank Offered Rate and mature in 2 years, it said, adding the money
will be used to repay maturing foreign debts and extend loans to local companies.
The state-owned lender said it had secured the money without a government guarantee.
The South Korean has vowed to guarantee local lenders' foreign borrowings of up
to $100 billion in an effort to help them tide over a foreign currency crunch.
pbr@yna.co.kr
The floating-rate notes carry an interest rate of 3.5 percent higher than the
London Interbank Offered Rate and mature in 2 years, it said, adding the money
will be used to repay maturing foreign debts and extend loans to local companies.
The state-owned lender said it had secured the money without a government guarantee.
The South Korean has vowed to guarantee local lenders' foreign borrowings of up
to $100 billion in an effort to help them tide over a foreign currency crunch.
pbr@yna.co.kr
