Woori Bank launches COVID-19-recovery sustainability-bond Kangaroo

On 14 October, Woori Bank (A/A1) launched its inaugural Kangaroo, three-year, COVID-19-recovery sustainability-bond transaction, offered in either or both fixed- and floating-rate note formats. The forthcoming deal is being marketed at 80 basis points area over swap benchmarks, according to lead managers MUFG Securities, Nomura and Westpac Institutional Bank.