Shareholders of the Korean building company waived their lockup restrictions to execute a $158 million share placement, making the most of a recent bull run.
The deal was completed four years after the Korean policy bank announced its intention to sell, coming ahead of a change in accounting rules next year.
Government takes advantage of share price spike to offload more of its stake in the policy bank.
Syndicates opened books a few days earlier for the Korean bank, with hedge funds and long-only institutions keen to get in on the GDRs.
State-owned Industrial Bank of Korea exploits its scarcity value to raise $500 million in an aggressively priced bond deal.
A muddle over a planned block sale of IBK shares highlights the Korean government's clumsy performance in the banking sector.
Korea's largest steelmaker is set to launch the first US dollar issue this year by an Asian private company.
Dollar bond issues by Hana Bank and Industrial Bank of Korea are likely to take advantage of government-issued foreign currency payment guarantees.
Industrial Bank of Korea upsizes its M$400 million deal to an unexpected M$1 billion. Meanwhile, Kospo begins a roadshow for its dollar bond and Hyundai Capital shelves its ringgit deal.
Government takes advantage of share price rally.
Right structure allows IBK to compete with KDB and Kexim.
Korean state-owned banks launch subordinated dollar deals.
Another blow out success from the Korean banking sector as IBK prices debut sub debt issue by a policy bank.
Korean policy bank launches concurrent GDR and domestic offering to increase freefloat and ease transfer from Kosdaq to the main board.
IBK wants investors to know it is around for the long term and not trying to steal the next basis point.
Supply pressures widen the necessary pricing premium to the Korea Development Bank.
The Korean policy bank returns to the public bond markets for the first time in four years.
The Industrial Bank of Korea closes the gap with the Korean Development Bank.
Presentations begin in London tomorrow (Friday) for a $350 million three-year fixed rate deal.
Credit Suisse First Boston and Merrill Lynch win the mandate for a $300 million to $500 million issue.