South Korea
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High yield issuers have steered clear of the primary Asian bond market in recent weeks, but a tap by Agile Group Holdings at the end of last week showed there is still some demand for lower rated names. -
Korea Hydro & Nuclear Power (KHNP) raised $600m with a green bond on Wednesday, offering no new issue premium to an investor base desperate for environmentally friendly assets.
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The Republic of Korea has named five banks to lead its upcoming bond issuance.
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IT service provider Lotte Data Communication is on track to raise W127.7bn ($113.5m) after pricing its IPO close to the bottom of guidance.
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Korea East-West Power Co (EWP) raised $500m from a sustainability bond on Thursday that proved popular both in the primary and secondary markets, reflecting investors’ eagerness for defensive names.
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KEB Hana Bank raised $315m from a five year floating rate note in the Formosa market on Thursday, selling the bond with no new issue premium thanks to strong support from Taiwanese investors.
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Hyundai Oilbank, a subsidiary of shipbuilding giant Hyundai Heavy Industries, is looking for the green light for an IPO of up to W2tr ($1.77bn).
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A shareholder in Korea Aerospace Industries has bagged W236.4bn ($210.9m) after cleaning up its position in the company through a block trade on Tuesday evening.
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The Republic of Korea has sent out a request for proposals for a new bond issue, and is expected to select the bookrunning banks by next Tuesday.
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South Korean energy chemical company SK Innovation Co enticed investors with a rare deal on Monday, taking home $500m.
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A shareholder in Korea Aerospace Industries is looking to exit from the company through an overnight bookbuild to raise up to W242bn ($215m).
