South Korea

Doosan Bobcat is expected to start gauging sentiment for its $1bn-$2bn IPO in South Korea immediately after the securities registration statement is filed on September 8, according to bankers on the deal.

Hyundai Capital Services (HCS) opened books for a three year dollar-denominated note on Tuesday, less than six months after tapping the market for its debut green dollar bond.

South Korea’s Small & Medium Business Corp (SBC) pulled in $500m on Monday from its return to the debt market after a hiatus of 10 years. The combination of a recent credit rating boost and its rarity allowed the issuer to price the bond in line with policy banks.

South Korea’s Small & Medium Business Corp (SBC) has returned to the international debt market after a decade-long absence, launching a new 10 year dollar note on Monday.

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.

Doosan Bobcat has received regulatory approval for its IPO in South Korea, putting it on track to open books in September.

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.

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.

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.

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.

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.