With the equity markets strengthening and the problems in Europe abating, investors are feeling it's time to spend the cash that they've been sitting on since the markets started see-sawing in May. And, with that, several Asian borrowers have come to market over the past two weeks and again this week with the return yesterday of Woori Bank.
This is the second time Woori Bank has issued bonds this year after pricing a $500 million five-and-a-half-year deal in March. Yesterday, it hit the market with another five-and-a-half-year issue, this time at a slightly larger size of $600 million.
The notes pay a 4.75% semi-annual coupon and will mature on January 20, 2016....
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