South Korea
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South Korean heavy industry company Doosan Infracore Co sold a $300m three year bond on Tuesday, helped along by a guarantee from Korea Development Bank.
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South Korean steel company Posco checked every box for investors with its $500m bond issuance on Monday. Even though the deal offered no new issue premium and pricing was tightened aggressively, buy-side support did not waver, said bankers.
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South Korean defence and information technology firm Hanwha Systems priced its IPO at the bottom of the range on Friday after a poor showing from investors at home and abroad, according to a source close to the deal.
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It's no secret that tensions between North and South Korea are always simmering. But it is still a bit shocking to be confronted with the possibility that a potential disaster is right on your doorstep.
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Hyundai Capital America has priced a $800m three year bond alongside a $700m seven year, raising more than expected from its latest outing.
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South Korean mattress maker Zinus has raised W211.4bn ($180.6m) from its IPO after pricing the deal below the marketed range, according to a source familiar with the matter.
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Industrial Bank of Korea (IBK) raised $600m on Wednesday from a combination of fixed and floating rate notes.
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A real estate investment trust backed by conglomerate Lotte Group has raised W430bn ($362.1m) in South Korea’s largest public Reit listing.
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Hyundai Card, a South Korean credit card company, has issued a request for proposals to banks to work on its planned IPO.
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South Korean company Hanwha Systems, a defence and IT service provider, has set the ball rolling for its up to W460.1bn ($383.6m) IPO.
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South Korea's Shinhan Bank has taken its first step into the euro bond market, raising €500m of green funding on the back of €650m of demand.
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Corporate, FIG and SSA issuers placed floating rate notes this week, pegged to Euribor, Sonia and Libor. With so many issuers coming to market, bankers are interested to see which other borrowers 'take advantage of the liquidity'.