South Korea
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Korean Air Lines Co has sealed its first dollar note on a standalone basis, and the first high yield bond from the country since 2013, following a pulled deal last September. The $300m transaction was also a coup for BOC International, which became the first Chinese firm to act as the sole lead on a Korean offering. -
South Korea’s GS Caltex Corp bagged a $400m five year deal on Monday, securing buy-side support thanks to its credentials, despite a soft market backdrop.
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Korean Air Lines is trying to take off with a new dollar bond following an aborted attempt in September last year. Also on Monday, GS Caltex Corp is out with a five year 144A/Reg S deal, while SOCAM Development has reopened its recent notes.
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Kookmin Bank has become the first South Korean commercial lender to sell a dollar bond in the Taiwanese market, and it did it with style, finding more than enough demand to boost its deal size.
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South Korean carmaker Kia Motors has sent a request for proposals for a $648m financing to back the construction of a manufacturing facility in India, its first in the country. The loan is receiving plenty of attention from lenders looking to capitalise on opportunities in the south Asian country. Shruti Chaturvedi reports.
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South Korea’s Kookmin Bank is marketing a new five year floating rate dollar transaction, set to be listed in both Taipei and Singapore.
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Korea East West Power Co (EWP) is pursuing a new dollar deal, marking its return to the debt market after nearly three years.
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South Korea’s SEBT Investment has sold a second block in Daewoo Engineering & Construction Co in as many months, raising W177.6bn ($157.9m).
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Korea Gas Corporation is getting ready to gauge investor interest for a new dollar bond, and will kick off a roadshow in Europe in June.
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SEBT Investment Co is once again looking to pare its stake in South Korea’s Daewoo Engineering & Construction Co after a rally in the stock, this time with a W177.6bn ($160m) overnight sale.
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The Export-Import Bank of Korea (Kexim) offered European investors a rare euro deal from a Korean credit on Monday, securing a solid trade despite a tense political backdrop.
