South Korea

Shinhan Financial Group sold a Basel III-compliant additional tier one bond with a sustainability label this week, funnelling some of the proceeds from the $500m trade to Covid-19 relief efforts.

SK IE Technology raised W2.29tr ($2.07bn) this week from the largest Korea IPO since 2017. The deal achieved record demand as institutional investors bet on a sector leader and retail buyers rushed to the market for short term gains. Jonathan Breen reports.

South Korea's Kookmin Bank enticed investors into its latest bond sale by using a sustainability label.

Hyundai Motor Manufacturing Indonesia nabbed $300m from a five year bond on Tuesday.

South Korea's Incheon International Airport Corp made its debut in the dollar bond market this week, issuing a $300m green bond.

Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corp, has printed a $500m bond after getting five times the demand at the peak of bookbuilding.

The chairman of South Korea’s Kakao Corp has kicked off his official pledge to donate more than half of his wealth to society by raising about W500bn ($448m) from a stake sale in the messaging app on Thursday.

South Korea's Shinhan Bank became the latest Asian bank to sell a sustainability bond this month. It raised $500m from its transaction, but felt some pressure from the risk-off sentiment in the region’s credit market.

South Korean issuer Hanwha Solutions Corp debuted in offshore renminbi (CNH) on Tuesday, pricing a Rmb1bn ($153m) green bond that benefitted from a guarantee from the Asian Development Bank’s Credit Guarantee and Investment Facility.

South Korean auto company Kia Corp made its green bond debut on Monday with its first dollar deal since 2017, pricing both tranches at tight levels due to strong support from ESG-focused investors.

A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter.

Mining company Korea Resources Corp (Kores) courted dollar investors with a five year transaction this week, marking its return to the bond market after a gap of three years.