South Korea

A pair of South Korean high net worth investors have bagged a combined W252bn ($221.2m) after offloading a block of shares in local firm BGF Retail.

South Korean shipbuilding company Hyundai Mipo Dockyard sold its entire stake in Hyundai Robotics for W352.2bn ($309.0m) through a rapidly covered block on Wednesday night.

Export-Import Bank of Korea (Kexim) brought the latest batch of dollar Formosa bonds from South Korea on Tuesday, selling a $400m five year floating rate note in a well-received deal.

South Korea’s Posco this week offloaded its entire stake in shipbuilder Hyundai Heavy Industries, raising W190.9bn ($167.9m) on the back of a booming stock price.

The Export-Import Bank of Korea returned to DCM on Tuesday for a floating rate dollar Formosa deal, a few weeks after Kookmin Bank broke open the market for a new batch of issuers from the country.

South Korean steel giant Posco launched a block in Hyundai Heavy Industries on Monday evening, seeking up to W193.3bn ($170.5m), according to a termsheet seen by GlobalCapital Asia.

South Korea’s Jeil Holdings Co has priced its W421.9bn ($372.6m) IPO at the low end of expectations, according to a stock exchange filing.

Korea East West Power Co (EWP) broke back into the market after a three year hiatus, grabbing $500m from a five year bullet on Monday.

Jeil Holdings Co has launched a W462.6bn ($409.5m) float in South Korea, seeking new capital via two domestic bookrunners.

Korea East West Power Co (EWP) opened books for a dollar deal at the Asia open on Monday, making a comeback to the debt market after a three year hiatus.

Korean Air Lines (KAL) has become the first high yield issuer from the country to sell an international bond in nearly four years. Its $300m inaugural standalone deal is also evidence of Chinese banks slowly gaining clout in the region, with BOC International (BOCI) becoming the first Chinese firm to lead a Korean offering on a sole basis. Addison Gong reports.

Celltrion Healthcare has firmed up the price range for its up to W1tr ($897m) flotation on South Korea’s Kosdaq, with bookbuilding set to kick off in mid-July.