Woori Bank Sydney to bring domestic FRN deal

On 13 May, Woori Bank Sydney Branch (A/A1) mandated Commonwealth Bank of Australia as lead manager for an indicative A$100 million (US$77.3 million) floating-rate note (FRN) deal maturing in June 2022. The transaction is being marketed at 27 basis points over three-month bank bills and is expected to price as early as the day of the announcement.