Metro Pacific raises new capital and Kookmin finally hits the market

The Philippine infrastructure company raises $201 million from a placement at a 5% discount, while Kookmin attempts to sell $1.7 billion of shares in KB Financial and KDIC tries to raise about $141 million by selling shares in Shinhan Financial.

It was a busy night for placements in Asia last night with two Korean blocks in the market and Philippine infrastructure investment company Metro Pacific Investments raising Ps8.64 billion $201 million from a top-up placement that was upsize due to solid demand.

The largest of the two Korean blocks was Kookmin Bank’s sell-down of treasury shares in its parent company KB Financial Group, which was first flagged in April, when the company started to look...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...