South Korea
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Korea National Oil Corp’s (KNOC) Canadian arm returned to the dollar debt market on Wednesday, eyeing a $200m tap to its existing $285m 2022 bonds. -
Korean Housing Finance Corp (KHFC) enjoyed a strong reception for a five year covered bond this week. But the fact the deal was priced 25bp inside initial price talk yet still offered triple the pick-up to Canadian deals compared with last year, suggested a degree of uncertainty in the price discovery process.
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Korean Housing and Finance Corporation (KHFC) has opened order books in dollars, Muenchener Hypothekenbank (MuHyp) is set to price a small Swiss Franc deal and Piraeus Bank has finalised terms for its floating rate bond that was mainly placed with supranationals.
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The Export-Import Bank of Korea (Kexim) sold a $2bn deal on Tuesday that looked almost identical to the issuer’s January trade.
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The Export-Import Bank of Korea (Kexim) hit the offshore market yet again on Tuesday with a dual tranche dollar bond, a month after the South Korean issuer sold a Singapore dollar deal and a Formosa bond.
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Kia Motors Corp found nothing but clear roads in the bond market on Thursday, after a moment of traffic briefly delayed its $900m dual-tranche transaction.
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Pharmaceutical firm TissueGene has raised W202.5bn ($178.9m) after pricing its IPO on South Korea’s second board at the top of guidance, according to a banker close to the deal.
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Kia Motors Corp is returning to the international bond market, opening books for a dual-tranche 144A/Reg transaction on Thursday morning.
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The Korea Development Bank grabbed $300m from a Formosa deal on Tuesday, catering to Taiwanese investors' demand for South Korean paper.
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Studio Dragon has filed terms for its IPO in South Korea, with the “hallyu” company looking to raise W210bn ($186m).
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The Korea Development Bank returned to the offshore market on Tuesday, adding a dash of variety to its funding with a Formosa transaction.
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Korea Housing and Finance Corporation (KHFC) has mandated lead managers to arrange a roadshow for an Aa1 rated five year dollar covered bond.
