South Korea
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ING Life Insurance Korea launched bookbuilding for its W1.3tr ($1.2bn) IPO on Thursday, in a deal helmed by five firms. -
Korea South-East Power Co (Kosep) pulled in $300m for its new three year bullet, after competing with more attention grabbing transactions on Wednesday.
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A block in South Korea’s Kakao Corp launched on Wednesday evening could raise W198bn ($176m) for Wemade Entertainment Co.
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Korea South-East Power Co (Kosep) opened books for a three year dollar bullet on Wednesday, following on the momentum from other issuers in the country.
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South Korea’s Financial Supersory Service is reviewing Samsung BioLogics for potential financial fraud in the lead up to its W2.25tr ($2.0bn) IPO last year, according to a banker who worked on the listing.
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Hyundai Capital America seized on Asian investor liquidity to close a $1.1bn deal across three tranches, including a floating rate note, on Wednesday.
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Korea Expressway Corp and JSW Steel have mandated banks for new international dollar deals as the first quarter draws to a close.
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South Korea’s KEB Hana Bank on Monday priced a $500m three year floating rate bond — its first after a merger — around theoretical fair value, with political turmoil in the country not denting investor sentiment.
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South Korean Hanjin Group’s low cost carrier Jin Air Co has sent out a request for proposals for an IPO, according to a banker close to the situation.
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KEB Hana Bank and Huantaihu International Investment Co ventured out to the dollar debt market on Monday morning, as 10 year US treasury yields slid to 2.37%.
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South Korea’s Netmarble Games began investor education this week for a potential W2.7tr ($2.4bn) IPO, while ING Life Insurance Korea filed offer documents for its W1.3tr float.
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South Korean bond issuers defied the domestic political turbulence shaking the country, hitting the market this week with a handful of successful dollar deals. While investors snapped up the notes with little question, the timing leads to some speculation that the deal rush was a publicity stunt.
