In Debt
Industrial Bank of Korea prices $1 billion bond
IBK becomes the sixth Korean borrower to tap the US dollar market this year.




Equity News
Unitech taps equity markets to ease leverage
The Indian developer raises $325 million from the first QIP since December 2007. Meanwhile, H&Q exits another Korean company through a $35 million block trade.


Business Moves
J.P. Morgan beats expectations in the first quarter
Record revenues from fixed income and equity markets corroborate the bank's conviction that balance sheet strength will help it to win market share.




M&A Briefing
eBay buys Gmarket in Korea for $1.2 billion
eBay will combine its Internet Auction Company business in Korea with Gmarket to extract synergies, but will operate the two e-commerce sites separately after the deal.


In Debt
Pakistan Mobile bond tender triggers default alert
S&P says the material tender discount of up to 30% versus face value would prompt it to put a default rating on the bonds if the proposed transaction is completed.




People Moves
Nomura fires, Bank of America-Merrill Lynch hires
Nomura cuts staff in Asia ex-Japan in a rationalisation move, while Bank of America-Merrill Lynch makes three hires in Japan.


Financial Sponsors
Yorkville Advisors expands Asia team
The US-based alternative investment manager hires Barton Lee to focus on originating and structuring transactions in Korea and other Asian markets.


Loan Digest
Loan week, April 9-16
A roundup of the latest syndicated loan market news.