South Korea's second-largest lender set to print new additional tier one debt, turning to the market on the cusp of a crucial interest rate meeting in the US.
KDIC sells its remaining stake in Kepco on the back of a surge in the share price to raise $260 million, while another government entity sells $322 million worth of shares in Daewoo Shipbuilding.
The phased privatisation of parts of the South Korean group, including regional banks and a securities arm, has investment banks signing up to provide advice.
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.