South Korea

ARA Asset Management is looking to raise around S$152m ($107m) from an 18-for-100 rights issue, as the firm looks for more flexibility to meet its funding needs.

Korean Air Lines is getting ready to hit the offshore bond market, having hired a bank and secured a guarantee from the Export-Import Bank of Korea (Kexim) for a hybrid deal.

Korea’s Asiana Airlines has swooped into the syndicated loan market for a $150m deal, picking two banks to run it.

In a departure from recent tactics, the Export-Import Bank of Korea (Kexim) launched its most recent bond with a generous price guidance. But the gamble paid off as the borrower attracted a record order book and got away with paying only a small concession.

Standard Chartered has been given the nod for its debut Panda bond issuance from the People’s Bank of China (PBoC). The deal is expected to take place quite soon, two sources with knowledge of the trade told GlobalRMB.

The Export-Import Bank of Korea (Kexim) timed its first outing to the offshore bond market after a sovereign rating upgrade perfectly. This time around, the Korean policy bank kept money on the table to woo US investors rather than relying on strong onshore demand to be aggressive with pricing.

The Republic of Korea is likely to be dipping into the Panda bond market for its first renminbi-denominated trade, after the Chinese central bank gave the deal its blessing over the weekend.

The Export-Import Bank of Korea (Kexim) is testing investors’ appetite for a dollar bond, its first since receiving a credit boost from Standard & Poor’s in September.

Korea Housing Finance Corp is gearing up to issue its first covered bond in more than two years and is set to meet investors from next week.

South Korea’s Jeju Air has priced its IPO above the range provided during bookbuilding after nearly 750 investors signed up for the deal.

South Korea’s Jeju Air has wrapped up bookbuilding for its W154bn ($130m) IPO, which saw local investors clamouring for a piece of the action.

In this round-up, the Swiss franc set to become directly convertible with RMB, CCB gets a Zurich branch, QDII2 could launching in Shanghai FTZ, booming RMB trade in Korea, Los Angeles tries to get the edge, DBS launches in Qingdao to leverage Belt and Road plans, and CSOP launches two new China ETFs in New York.