Business Context and Reporting Period
This Form 6-K is filed by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) for the month of November 2004. The filing reports a corporate action taken by Woori Bank, a wholly owned subsidiary of the registrant.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, or liquidity metrics. It focuses exclusively on a specific debt issuance event.
- Debt Issuance: US$ 300,000,000
- Instrument Type: Foreign currency senior bond
- Target Markets: Europe and U.S.
- Listing Venue: Singapore Securities Exchange
Material Changes
The material event reported is the Board of Directors' resolution on November 22, 2004, to issue the aforementioned overseas corporate bond. The filing does not provide comparative financial data against prior periods.
Guidance, Outlook, and Management Commentary
Purpose of Issuance: The proceeds are designated for working capital.
Terms: Interest is payable semi-annually on delivery, with principal repayment on maturity.
Execution Details:
- Closing Date: December 8, 2004
- Issue Method: Euro public offering and U.S. private offering
- Lead Managers: Barclays Capital and Merrill Lynch
The filing contains no specific guidance, risk factors, or contingencies beyond the standard terms of the bond issuance.
Investor Verification Checklist
- Confirm the final closing of the US$ 300 million bond issuance on December 8, 2004.
- Verify the listing status of the bonds on the Singapore Securities Exchange.
- Review the specific interest rate and currency denomination once the bond terms are finalized.
- Monitor the impact of this new debt on the subsidiary's overall leverage ratios in subsequent financial reports.