South Korea

A shareholder of Doosan Bobcat is in the market to sell up to W138bn ($126m) of stock on Wednesday evening, punctuating a slow week for block trades in Asia.

Samsung Heavy Industries Co’s shares were battered on Wednesday after the South Korean shipbuilder announced its second rights issue in as many years.

Jin Air, the South Korean low-cost airline, has priced its IPO at the top of expectations to raise W381.6bn ($343m), according to a filing.

The year-end bond rush is upon us, with a number of issuers from China, India and South Korea mandating banks on Tuesday for their planned dollar bonds.

A group of private sellers has raked in W246.6bn ($220.2m) after offloading a chunk of shares in Netmarble Games, according to a source close to the deal.

A $300m three tranche loan for Korean lender Kookmin Bank is due to close by the end of this week, said bankers. The deal offers lenders a rare chance to take exposure to a Korean credit.

At least one undisclosed vendor has put up a W251bn ($244.1m) stake in Netmarble Games up for sale through an accelerated block.

Korea Electric Power Corp has hired three bookrunners to run an investor roadshow ahead of a potential dollar-denominated green bond issuance as it looks to build a renewables portfolio in the US through acquisitions.

South Korean budget carrier Jin Air expects to raise as much as W381.6bn ($343.0m) with its IPO, which launches at the end of the month.

Cathay United picks corporate banking head — Raciti set to run ANZ Korea — Ramachandran confirmed for Westpac CIB — Standard Chartered rings the changes

The Canadian subsidiary of Korea National Oil Corp priced a $200m tap of its five year bonds to help fund one of its projects, and managed to price 12.5bp inside where the original notes came in September.

ANZ has promoted Chris Raciti, a senior loans banker who looked after North Asia, to CEO of its Korean arm, the bank said in a press release on Wednesday.