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 for banks to help arrange the deal There have been several attempts to put a deal together since then with different banks on the ticket Last night’s deal was jointly arranged by Bank of America Merrill Lynch and Citi...
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