South Korea
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KEB Hana Bank is selling its first-ever US dollar-denominated, dual-listed Formosa bond on Thursday, taking bids for floating rate bond with a five year tenor.
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The Hong Kong subsidiary of Lotte Shopping Co, the retail unit of South Korea’s Lotte Group, kicked open the quiet primary bond market on Wednesday with its first dollar outing in five years.
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Low cost carrier and Korean Air affiliate Jin Air is looking for the go-ahead to take itself public, having filed initial listing documents on August 25.
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Korea’s Kookmin Bank is eyeing a return to the dollar bond market, meeting with investors this week to gauge interest in a senior deal.
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Shinhan Bank has hired five firms to arrange a global roadshow gauging interests for what would be the South Korean commercial bank's second outing in US dollars this year.
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Hyundai Capital Services shook off North Korea-related worries to hit the bond market at the start of the week, managing to reach its goal of $900m across two tranches.
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Hyundai Capital Services is kicking off the week with a dual tranche dollar deal that will be sold to investors in Asia, Europe and the US.
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US President Donald Trump’s unexpected threat against North Korean leader Kim Jong-un last week alarmed investors, pushing down South Korean offshore bonds. But Korean issuers this week shrugged off concerns of a long-term problem and are already making plans to return to the market. Morgan Davis reports.
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The offshore bond market is set to welcome Lotte Group’s retail unit Lotte Shopping Co, which will sell dollar-denominated notes guaranteed by the Export-Import Bank of Korea (Kexim).
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Korea Development Bank (KDB) has made its debut in the Swedish krona market, becoming the second Korean public sector entity to do so this year.
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The Vietnamese unit of South Korean cinema chain CJ CGV is looking to float on Korea’s main board, according to a source familiar with the matter.
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Crédit Agricole has appointed former Barclays banker Silvia Kim as local head of global markets for its South Korean branch, according to an announcement on Friday.