Korean block trades raise $582 million

A delay in allocating the shares triggers some initial confusion, but the deal eventually comes together and Kepco’s share price closes 1.2% above the placement price.

Vikas Arora is returning to the country with the German lender to replace Dino Siason.

Nora Yeung will join the German bank in September, after 12 years with Credit Suisse.

The bank has appointed veteran Rohit Satsangi and former Credit Suisse executive Zi-Kuan Lim to lead the division.

Strong and lumpy demand from international investors results in the government sell-down becoming the second Korean placement in a month to price flat to the market.

The sale, which was priced at a 10.4% discount, comes four months after the Philippine casino operator fired its GGAM-appointed COO. Separately, a group of founders raises $75 million from the sale of shares in chain restaurant operator Tsui Wah.