Woori Bank in $500 Million Takedown

October 2, 2013

Cleary Gottlieb served as transaction counsel in an offering of $500 million 2.875% Senior Notes due 2018 by Woori Bank. The offering, conducted in accordance with Reg. S and Rule 144A, was a takedown from Woori Bank’s $7 billion Global Medium Term Note Programme. Barclays, Citigroup, Deutsche Bank, HSBC, J.P. Morgan, Standard Chartered Bank and Woori Investment & Securities served as joint lead managers and SMBC Nikko and Woori Global served as a co-managers for the offering, which priced on September 24, 2013 and closed on October 2, 2013.

Woori Bank is the flagship bank of Woori Finance Holdings, one of the largest financial holding companies in Korea and whose shares are listed on NYSE. It is one of the largest commercial banks in Korea based on total loans and assets and provides a wide range of products and services to a broad spectrum of customers.