South Korea
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Samsung Heavy Industries Co is looking to raise about W1.1tr ($976.1m) from a rights offering in November, according to a source familiar with the matter. -
South Korea’s bourse has given Doosan Bobcat the go ahead for its IPO, as Ping An Insurance Group’s shareholders also waved through its plan to list Ping An Securities Co in Hong Kong.
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Doosan Bobcat has received regulatory approval for its IPO in South Korea, putting it on track to open books in September.
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South Korea’s KEB Hana Bank is preparing to go live with its second international bond of the year, having hired five firms to arrange a 144A/Reg S trade.
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Samsung BioLogics has filed a draft prospectus with the Korea Exchange for an IPO it is planning later this year — the float could raise W3tr ($2.7bn), according to a source familiar with the matter.
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Samsung Group’s drug manufacturing arm is set to file a draft prospectus with the Korea Exchange this week for an IPO that could raise up to W3tr ($2.7bn), according to a source with direct knowledge of the matter.
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Industrial Bank of Korea is poised to reach out to offshore and onshore bond investors for Basel III additional tier one capital later this year.
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Standard & Poor’s has upgraded South Korea’s long-term sovereign credit rating by one notch to AA from AA- with a stable outlook, in line with Moody’s Aa2 rating of the country.
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South Korea’s Nonghyup Bank is looking to reach out to international investors for the first time this year, having hired banks to work on a 144A trade.
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The South Korean regulator is looking to give securities firms a helping hand with their investment banking businesses, unveiling a series of measures on Tuesday.
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Samsung Heavy Industries Co could be mulling a rights issue to raise as much as W1.7tr ($1.5bn) by the end of this month or early September, after posting higher than expected operating losses.
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The scorching pace of Indian IPOs looks set to continue as Dilip Buildcon prepares to launch a Rp6.53bn ($97.5m) listing next week, with bankers expecting a solid response from investors.
