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...

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