perpetual

Energy Hanwha Solutions to raise $1.5 bn amid mounting losses

Hanwha Solutions Corp., the flagship unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, is poised to raise as much as $1.5 ...

Batteries SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...

Corporate bonds Korea’s non-financial firms rush to issue perpetual bonds

Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...

Mergers & Acquisitions Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

Mergers & Acquisitions KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale

State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...

Corporate bonds Korean life insurer eases bond market woes with buyback

A South Korean small insurer will buy back dollar perpetual bonds as scheduled, reversing its earlier decision not to recall the notes, to ease conc...

Corporate bonds Small Korean life insurer further rattles bond market

A South Korean small insurer has made a rare decision not to buy back dollar perpetual bonds, in the first such case for the country’s issuers...

Insurance Insurers rush to bolster equity capital to boost solvency

South Korea's key insurers are rushing to increase their equity capital ahead of two new solvency regulations set to take effect from Jan. 1, 2023. ...

Bond issuance CJ CGV receives $14.5 bn demand for perpetual convertible bond issues

South Korea’s leading multiplex cinema chain CJ CGV has received 16.2 trillion won ($14.5 billion) in investor demand for the perpetual conv...

Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond

Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...