South Korea

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.

Asia is gearing up for a bumper week of IPOs, with two $2bn deals launching on Monday and other smaller-sized floats vying for investor attention in what has been an action-packed October.

The South Korean government is set to ease rules on loan loss reserves (LLR) in a boost to banks’ regulatory capital ratios. But the changes, announced on October 7 by the Financial Services Commission, could leave lenders less prepared for IFRS 9. Fitch Ratings has warned.

Doosan Bobcat’s planned W2.4tr ($2.2bn) IPO in South Korea fell through this week on the back of an over-aggressive pricing strategy. Investors also withdrew their support after poor communication from the leads apparently resulted in conflicting messages on the progress of the bookbuilding. John Loh reports.

A diverse group of issuers forged ahead with their respective fundraisings on Thursday, seeking everything from dollars to Singapore dollars and green debt.

KEB Hana Bank executed a $650m dual-tranche offering on Tuesday, ahead of an expected burst of supply from financial names. While the issuer priced the longer five year portion flat to its outstanding curve, it decided to be slightly generous with the three year to bag a larger amount.

South Korea’s KEB Hana Bank has received positive feedback from investors for its dual-tranche 144A/Reg S trade, launched on Tuesday morning.

South Korea's Hyundai Capital Services is set to meet international fixed income investors starting Monday next week.

An over-ambitious price range and miscommunication among the lead banks towards the end of bookbuilding has forced Doosan Bobcat to pull its W2.4tr ($2.2bn) IPO in South Korea, according to bankers.