Gwangju Bank upsized its hybrid capital securities issuance to KRW 100 billion ($76.1 million) after attracting more than double the initial demand, setting the coupon at 4.6% as it moves to bolster capital ratios.
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Gwangju Bank Upsizes Hybrid Securities Issuance to KRW 100 Billion After Attracting Double the Demand
Gwangju Bank upsized its hybrid capital securities issuance to KRW 100 billion ($76.1 million) after attracting more than double the initial demand, setting the coupon at 4.6% as it moves to bolster capital ratios.
Heungkuk Life to Increase Subordinated Bond Issuance to KRW 110 Billion at 4.5% Coupon
Heungkuk Life Insurance upsizes its final subordinated bond issuance of the year to KRW 110 billion ($84.5 million) at a 4.5% coupon, aiming to strengthen its capital adequacy ratio.
Russia has issued its first-ever yuan-denominated government bonds, raising 20 billion yuan ($2.83 billion) as Western sanctions block access to dollar and euro funding, with strong investor demand and coupon rates set at 6% for 3.2-year notes and 7% for 7.5-year notes.
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'Cash-Strapped' Russia Issues First-Ever Yuan-Denominated Bonds—Short-Term Notes Yield 6%
Russia has issued its first-ever yuan-denominated government bonds, raising 20 billion yuan ($2.83 billion) as Western sanctions block access to dollar and euro funding, with strong investor demand and coupon rates set at 6% for 3.2-year notes and 7% for 7.5-year notes.
Pulmuone Foods Co., a subsidiary of Pulmuone Co., issued 20 billion won in hybrid securities, bringing its total for the year to 70 billion won, to strengthen its capital base and secure operating funds.
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Pulmuone Foods Issues 20 Billion Won Hybrid Securities, Totaling 70 Billion Won This Year
Pulmuone Foods Co., a subsidiary of Pulmuone Co., issued 20 billion won in hybrid securities, bringing its total for the year to 70 billion won, to strengthen its capital base and secure operating funds.
Hana Financial Group attracted over 660 billion won in institutional orders for its hybrid bond issuance, more than doubling its target despite rising rates, and will upsize the deal to 400 billion won at a 3.69% coupon.
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Hana Financial Group Draws Strong Demand for Hybrid Bond—Orders Top 660 Billion Won
Hana Financial Group attracted over 660 billion won in institutional orders for its hybrid bond issuance, more than doubling its target despite rising rates, and will upsize the deal to 400 billion won at a 3.69% coupon.
SK IE Technology Co. (SKIET) raised its corporate bond issuance to 115 billion won ($84.5 million), with proceeds earmarked for refinancing its Polish subsidiary's facility payments, as demand pushed the three-year tranche higher and coupon rates set at the top of guidance.
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SKIET Increases Corporate Bond Issuance to 115 Billion Won, Up by 15 Billion Won
SK IE Technology Co. (SKIET) raised its corporate bond issuance to 115 billion won ($84.5 million), with proceeds earmarked for refinancing its Polish subsidiary's facility payments, as demand pushed the three-year tranche higher and coupon rates set at the top of guidance.
South Korea’s major financial holding companies, led by Woori Financial Group, are ramping up hybrid capital securities issuances to strengthen BIS capital ratios, with recent offerings attracting strong investor demand and competitive coupon rates.
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Major South Korean Financial Holding Companies Ramp Up Issuance of Hybrid Capital Securities to Bolster Capital Ratios
South Korea’s major financial holding companies, led by Woori Financial Group, are ramping up hybrid capital securities issuances to strengthen BIS capital ratios, with recent offerings attracting strong investor demand and competitive coupon rates.
Woori Financial Group Attracts Strong Demand in AT1 Bond Bookbuilding—Orders Reach 780 Billion Won
Woori Financial Group attracted nearly three times its target demand in a recent AT1 bond bookbuilding, prompting an upsized issuance and a competitive coupon rate of 3.34%.
National Railroad Authority Issues 70 Billion Won Green Bond—Funds to Support Honam High-Speed Rail Project
The National Railroad Authority issued 70 billion won ($52.5 million) in green bonds at a 2.57% coupon, with all proceeds to fund the Honam High-Speed Rail project’s second phase.
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