South Korea

South Korean budget airline Jin Air is planning to raise at least $200m from an IPO in 2017, according to a source close to the deal.

South Korean game developer Netmarble Games has wrapped up its W2.7tr ($2.4bn) IPO, the largest in the country in seven years, on the back of a flood of demand.

An outpouring of interest from first tier global funds helped shareholders of ING Life Insurance Korea raise W1.1tr ($975m) from its IPO, though pricing came near the bottom of guidance.

As the perceived European political risk reduced following the results of the first round of French elections, Asian debt markets opened on Monday to a deal from India's HPCL-Mittal Energy (HMEL).

South Korean game developer Netmarble Games is set to rake in W2.7tr ($2.4bn) from its IPO as books were multiple times covered at the top of guidance, according to a banker on the deal.

Korea Resources Corporation, or KoRes, wrapped up its annual return to the dollar bond market with a $425m five year transaction. However, bankers said the issuer paid up due to tensions on the Korean peninsula and an unexpected imminent UK election.

Korea Resources Corporation, or KoRes, is marketing a 144A/Reg S bond on Tuesday. The issuer was recently downgraded by Moody’s – a second time the agency dropped its rating in under a year.

South Korean ECM got a treat this week, with Netmarble Games opening books on Tuesday for what is set to be the country’s largest IPO of the year, with the deal fully covered by the first day. The listing marks a strong start for South Korea, which will move to the top of the region’s 2017 league tables when the trade wraps up, writes Jonathan Breen.

Korea Expressway Corp snapped up $400m on a busy Tuesday that saw eight bonds marketed in Asia ex-Japan. Although floating rate notes are gaining popularity in a rising rate environment, the region’s bond market will continue to be focused on fixed rate deals, reckoned market participants.

Korea Expressway Corp joined the flurry of bond launches in Asia on Tuesday, marketing a three year floating rate dollar note.

Netmarble Games has launched the international roadshow for its planned W2.7tr ($2.4bn) listing that will wrap up in two weeks in the US, drawing demand as it goes for what is set to be South Korea’s largest IPO this year.

Two groups of vendors exited their holdings in two Asian firms this week, with block trades in Hong Kong-listed Imax China Holding and South Korea’s Kakao Corp raising a combined $278.1m.