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WOORI BANK, MERRILL LYNCH PLAN JOINT SECURITIES ISSUE.

Publication: AsiaPulse News

Publication Date: 18-APR-05
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COPYRIGHT 2005 Asia Pulse Pty Ltd

SEOUL, April 18 Asia Pulse - Woori Bank, South Korea's second-largest lender, plans to set up a special-purpose company with Merrill Lynch and its asset-managing affiliate to issue securities backed by its loans classified as "precautionary."

The bank, helped by the U.S. investment bank and Woori F&I Co., will...

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