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LENDING & CREDIT | Tony Chua, Korea

Woori Bank inks 2-part loan for refinancing

Seven international banks aided to arrange the deal.

Woori Bank Co. signed a two-part loan to refinance debt, according to data compiled by Bloomberg.

One term loan of 75 million euros pays a margin of 90 basis points over benchmark rates while a second term facility of $80 million pays a margin of 95 basis points, the data show. Both mature on Jan. 12, 2013, and were signed on Jan. 10, the data show, according to a report in Business Week.

Citigroup Inc., Landesbank Baden-Wuerttemberg, Standard Chartered Plc, UniCredit Bank AG, Australia and New Zealand Banking Group Ltd., Commerzbank AG and Wells Fargo & Co. helped to arrange the loans, the data show.

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