South Korea

Samsung Engineering’s W1.27tr ($1.06bn) rights issue has been 99.9% covered, with the remainder to be sold to the public, according to a source close to the deal.

Following a four year absence, South Korean lender Busan Bank has finally kicked off preparations for a dollar comeback which is scheduled for the second half of the year. However, the bank is still mulling over the best format to issue in.

The Korea Exchange has published a business plan outlining what it hopes to achieve this year, including preparing for its own IPO.

South Korean game developer Netmarble Games is looking to raise as much as W2tr ($1.7bn) from an IPO and has given banks until February 18 to respond to a request for proposals.

South Korea’s Shinhan Bank plans to beef up its tier two capital buffer by as much as $500m in the first half of the year.

South Korean game developer Netmarble Games is to send out a request for proposals for an IPO on Thursday, according to sources in the country.

Asia's green bond market welcomed the return of Export-Import Bank of Korea (Kexim) this week. Despite volatility, the frequent issuer priced a green bond flat to its conventional debt and market participants expect more Korean issuers to follow suit, reports Narae Kim.

Export-Import Bank of Korea (Kexim) started building books for its second green bond on Tuesday, almost three years after selling its debut. That green bond was not only the borrower’s first, but Asia’s inaugural offering.

South Korea’s Kookmin Bank issued its second ever covered bond this week, raising $500m from a five year note that was more or less a replica of its debut transaction.

The heir to Samsung Group has raised W382bn ($318.7m) by selling part of his holding in Samsung SDS, a subsidiary of the South Korean conglomerate.

The Securities and Exchange Commission of Pakistan (SECP) has made a series of changes to rules governing companies raising capital in its stock market.

Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.