Bonds With Warrants Planned

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Bonds With Warrants Planned

Woori Financial Holding Co. said Wednesday it will accept applications for bonds with warrants giving the right to newly issued shares.

It said the applications will be accepted for four days, beginning July 10.

The 320,000 former shareholders of Woori's now-nationalized subsidiary banks - Hanvit Bank, Peace Bank, Kyongnam Bank and Kwangju Bank - will be entitled to the offering.

The warrants will carry the rights to acquire the shares for a period three months after share issuance to a month before the maturity of the warrants. If the warrants mature before a stock issuance, holders will receive interest equivalent to a percentage point lower than the interest paid on two-year term deposits.
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