South Korea

Samsung BioLogics Co has priced its IPO at the top on the back of a surge in chunky orders, raising W2.25tr ($2.0bn) in South Korea's largest float since 2010.

South Korea’s KCC Corp is planning an up to W800bn ($706m) bond exchangeable into shares of Samsung C&T Corp, according to sources close to the matter.

South Korea's Hotel Lotte Co is planning to return to equity capital markets in the near future with another IPO attempt, chairman Shin Dong-bin said in a press briefing on Tuesday.

New Silkroad Culturaltainment plans to raise HK$1.5bn ($193.3m) from a proposed open offer of shares, according to a filing with the Hong Kong Stock Exchange.

ZTO Express and Samsung BioLogics are seeing bumper responses for their jumbo IPOs in the US and South Korea respectively, as bankers expect their bookbuilds to gain even more momentum.

Doosan Bobcat and its IPO advisers were left red-faced after the company was forced to pull its W2.4tr ($2.2bn) float in South Korea last week. The deal is making a quick comeback and the leads have done what they can to turn the situation around. But the incident serves as an object lesson in how not to do an IPO.

Korea National Oil Corp priced a dual-tranche offering on Monday, selling a 10 year portion at a tighter spread than a five year, according to bankers.

South Korea’s Samsung BioLogics gathered enough orders from investors to cover its W2.25tr ($2.0bn) IPO after the very first day of bookbuilding.

Panamanian lender Global Bank saw its new five year bonds trade up 50 cents on Friday as an improved credit profile allows the bank to buy back covered bonds using senior unsecured debt.

Korea National Oil Corp is marketing its new dual-tranche offering with the same levels of initial guidance for five year and 10 year portions.

Doosan Bobcat has refiled for a potential W990.9bn ($875.1m) listing on the Korean stock exchange after its first attempt for over twice that amount failed.

Export-Import Bank of Korea (Kexim) executed yet another blockbuster $2.5bn trade on Thursday just a few months after printing a deal of the same size. Korea's first four-tranche trade drew a strong response from the market, allowing the policy bank to price inside its existing curve.