South Korea
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SK Biopharmaceuticals has begun bookbuilding for its up to W959.3bn ($804.9m) IPO. It is set to be South Korea’s first listing in 2020. -
Korea Electric Power Corp (Kepco) returned to the green bond market on Monday, raising $500m on the back of a book that was 10 times oversubscribed.
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A trio of double-A rated SSA names from South Korea, Central America and France tapped the Swiss franc market this week, raising a combined Sfr550m ($575.8m) and paving the way for other similar issuers to follow.
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Online casino gaming company DoubleDown Interactive is planning a Nasdaq IPO, the first by a South Korean company in nearly a decade.
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South Korean firm Big Hit Entertainment, manager of popular K-pop boy band BTS, has applied for a preliminary review of its IPO with the Korea Exchange.
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Korea Development Bank raised $1bn from a new bond on Wednesday, marking its third dollar transaction of the year.
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A private equity investor has raised W344bn ($278.6m) from selling shares in South Korean company Celltrion Healthcare, said a source familiar with the matter.
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A quartet of SSAs borrowed a combined A$940m ($613.4m) into the Kangaroo market this week, spurring the SSA Aussie dollar market on to its best monthly volume in over nine months.
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SK Biopharmaceuticals is set to reopen the South Korean IPO market with a W959.3bn ($779.9m) listing, according to a source close to the deal.
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Korea East-West Power Co (EWP) offered no new issue concession for its $500m bond on Monday, but still drew orders of close to $4bn. Its notes only tightened further in the secondary market, showing investors’ support for quality borrowers.
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Kookmin Bank has become the first issuer from South Korea to sell an international public bond to combat the fallout of the Covid-19 pandemic. While virus-response deals are still just a tiny part of Asia’s debt market, bankers say it is set to grow.
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The Export-Import Bank of Korea jumped on the floating rate note bandwagon on Monday, raising $700m from the market. It also added a euro tranche with a green label to its transaction.
