Tag: korea

Following on from Kexim’s successful issue last week, Shinhan Bank comes to market with a tightly priced 5.5-year security. The 5.5-year issue is priced at the tight end of guidance after attracting $2.7 billion of demand. Korea's second largest life insurer seeks to raise up to $2 billion and grab a first-mover advantage over industry leader Samsung Life, which is expected to follow with its own ... Lotte Shopping pays aggressively to consolidate its position in South Korea, acquiring three department stores and 14 discount stores from GS Retail for $1.12 billion. Industrial Bank of Korea kicks off Korean G3 issuance in 2010 with senior unsecured 5.5-year notes. Korea Development Bank and Kexim are expected to be next in line. Broker Newedge has become the first foreign firm licensed to sell all futures and options products in Korea. Kumho Asiana's emergency restructuring exposes Korea's recovering banking sector, but Moody's say ratings remain unchanged. SK Telecom will buy 49% of Hana Financial Group's credit card subsidiary, Hana Card, for $343 million. The state agency, which holds Woori shares on behalf of the government, raises $745 million from the sale. The central bank is concerned about a new property price bubble, but analysts say worries are overdone. The Korean bulk carrier raises $200 million to part fund a recent purchase of new ships. Analysts are taking note of Korea's increasingly strong economic performance amid the global gloom. The Korean engineering and construction company decides to cancel the deal rather than to price below the initial range. Korean retail chain Lotte secures Chinese supermarket and discount store operator Times with an aggressive $629 million all-cash bid that includes a general offer to minority ... Borrowers in the region, particularly Koreans, are tapping into healthier investor appetite and locking in low-cost funding. State-owned Korea Expressway raises $700 million from international investors amid a surge in issuance from emerging market borrowers. Glorious Property prices in the bottom half for a $1.28 billion deal, while CR Cement raises $825 million after pricing at the top. In Korea, Tong Yang Life Insurance becomes ... Jinro delays its offering in order to add information to its prospectus, while the international bookbuilding reveals that the indicated price range was too high. The Korean heavy industries company will pay $657 million for Skoda Power giving it access to proprietary technologies used in the construction of power plants. The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday.