General Announcement::Benchmark Transition Event

Issuer & Securities

Issuer/ Manager
WOORI BANK
Securities
WOORIBANK US$15M F250429 - XS2166121835 - RIQB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Jun-2023 12:42:41
Status
New
Announcement Sub Title
Benchmark Transition Event
Announcement Reference
SG230626OTHRPYM6
Submitted By (Co./ Ind. Name)
Seung hwan YANG
Designation
Senior Manager
Description (Please provide a detailed description of the event in the box below)
NOTICE IS HEREBY GIVEN to the holders of the outstanding Notes issued by Woori Bank (the Issuer ) that pursuant to Condition 6(h) (Effect of Benchmark Transition Event) of the Notes, the Issuer has determined that:
(i) a Benchmark Transition Event has occurred with respect to the Notes (particulars of which are as specified in the table below); and
(ii) for each Interest Period commencing after June 30, 2023, interest in respect of the Notes will be calculated on the basis of the Benchmark Replacement, which the Issuer has determined to be the sum of: (1) CME 3M Term SOFR, (2) the Benchmark Replacement Adjustment (being 0.26161%) and (3) the relevant original Margin in respect of the Notes, together with certain Benchmark Replacement Conforming Changes (as further outlined in Annex A attached hereto).
ISIN Issue Date Next Interest Payment Date Maturity Date
XS2166121835 April 29, 2020 July 29, 2023 April 29, 2025

Capitalized terms used but not otherwise defined herein (including in Annex A) shall have the meanings given to such terms in respect of the Notes in (i) the terms and conditions of the Notes set out in the offering circular dated May 3, 2019 and (ii) the pricing supplement dated April 23, 2020.

Attachments

Woori Bank LIBOR_SGX Notice_XS2166121835.pdf
Total size =3551K