Woori Card’s $200 Million Senior Unsecured Notes Offering

Simpson Thacher represented the joint managers in the offering.

Woori Card Co., Ltd. (“Woori Card”) executed its offering of US$200 million 1.75% Senior Unsecured Notes due March 23, 2026. The Notes have been listed on the Taipei Exchange and the Singapore Exchange Securities Trading Limited. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

SG Securities (HK) Limited, Taipei Branch, Crédit Agricole Corporate and Investment Bank, Taipei Branch, HSBC Bank (Taiwan) Limited, Capital Securities Corporation, Cathay United Bank Co., Ltd., Fubon Securities Co., Ltd., KGI Bank Co., Ltd., President Securities Corporation and Taishin International Bank Co., Ltd. acted as joint managers for this offering.

Woori Card is a credit finance company and offers a wide range of credit card services to retail and corporate customers primarily in Korea. Woori Card is a wholly-owned subsidiary of Woori Financial Group, one of the leading financial holding companies in Korea with shares listed on the Korea Exchange and the New York Stock Exchange.

The Simpson Thacher team for the joint managers included Jin Hyuk Park (Picture), Joongwon Park and Chanik Park (Corporate – Hong Kong); and Andrew B. Purcell and Scott Grundei (Tax).

Involved fees earner: Scott Grundei – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett; Chanik Park – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Capital Securities Corporation; Cathay United Bank; Crédit Agricole Corporate and Investment Bank, Taipei Branch; Fubon Securities; HSBC Bank (Taiwan) Limited; KGI Bank; President Securities Corp.; SG Securities (HK) Limited, Taipei Branch; Taishin International Bank;

Author: Sonia Carcano