Woori Bank's Overseas Branches Issue $275 Million in Foreign Currency Bonds on July 8, First Time

According to Woori Bank, the bank's overseas branches in London, Hong Kong, Los Angeles, and Singapore issued foreign currency bonds on July 8, raising a combined $275 million. This marks the first time the lender's non-headquarters overseas branches have independently raised funds in foreign markets.

Hong Kong branch led with $180 million issued in four tranches from April to May, followed by London ($45 million), Singapore ($30 million), and Los Angeles ($20 million). The issuance was conducted through an MTN (Medium Term Note) program, which allows flexible fundraising within pre-set limits.