South Korea

South Korea’s KT Corp won over investors for 10 year paper on Tuesday, despite recent sharp movements in Treasury yields, as the borrower’s rarity value and industry strength proved attractive.

A diverse group of issuers headed to the dollar debt market on Tuesday, with a Chinese local government financing vehicle, a Singaporean real estate firm and a South Korean telephone company vying for investor attention.

State-owned Korea Gas Corp has become the first issuer from the country to venture out to the debt market following Brexit, netting $900m via two tranches that were sold at identical spreads.

State-owned Korea Gas Corp (KoGas) has gone out with its first international bond outing of the year, launching a dual-trancher dollar trade on Monday morning.

Yihai International Holding has priced its IPO towards the top end of guidance, raising HK$858.0m ($110.6m).

South Korea’s GS Engineering & Construction Corp has raised $150m with its first dollar convertible bond in over two years.

South Korea’s GS Engineering & Construction Corp has launched a $150m convertible bond, it’s second equity-linked trade this year.

Two South Korean banks, Woori and Busan, are preparing for investor meetings next week as they both line up bond issues.

South Korea’s Woori Bank is set to meet investors for its second dollar-denominated Basel III additional tier one bond.

South Korea’s Busan Bank is getting ready to meet investors next week before it ventures out to the offshore bond market in mid-July.

Global construction equipment maker Doosan Bobcat has asked for the go ahead to launch its South Korean IPO, according to a statement from the Korea Exchange.

South Korea has amended regulations to adopt perpetual maturities for additional tier one bonds, in line with a request from the Bank for International Settlements.