(Updates with tenor of loan in second paragraph.)
Nov. 1 (Bloomberg) -- Australia and New Zealand Banking Group Ltd. is helping to arrange Woori Bank Co.’s club loan for between $100 million and $200 million, along with Commerzbank AG and Wells Fargo & Co., said a person familiar with the matter.
Four additional banks may join the one-year loan, which is targeted to close in about a month, said the person who asked not to be identified because the details are private. The all-in rate, which includes the margin and fees, is expected to be around 150 basis points over the Euro interbank offered rate or the London interbank offered rate, the person said.
The loan is denominated in euros and dollars and part of the funds raised will be used to refinance a euro-denominated loan, the people said.
Woori Bank signed a 170 million euro ($235 million) loan in November 2010, according to data compiled by Bloomberg. A 119 million euro piece of that loan matured in January and the remaining 51 million euros matures in January 2012, the data show.
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