Taiwan

Taiwan’s Paiho Shih Holdings has returned to the offshore loan market, seeking a $120m refinancing loan through KGI Bank.

Taiwanese semiconductor producer Pan Jit International and its subsidiary Pan Jit Asia International are seeking a $190m-equivalent borrowing in two currencies.

Taiwanese electronic components distributor World Peace Group is back in the market for a NT$10bn ($327m)-equivalent dual-currency loan. Meanwhile, a Foxconn subsidiary is seeking to refinance an old deal.

Zhen Ding Technology Holdings is back for a $300m loan to refinance an old borrowing sealed in 2016.

Taiwan Cement Corp has raised $549m from an overnight Global Depositary Shares sale after exercising part of the greenshoe and pricing at the low end.

KEB Hana Bank raised $315m from a five year floating rate note in the Formosa market on Thursday, selling the bond with no new issue premium thanks to strong support from Taiwanese investors.

A NT$11.7bn ($382m) accelerated bookbuild in shares of Yageo lit up Taiwan’s equity capital market this week. Sole bookrunner BNP Paribas surprised rival bankers by winning the mandate, especially given how rare large and liquid Taiwanese fundraisings have been this year. John Loh reports.

Want Want China Holdings became the first issuer from Taiwan to tap the onshore Panda market last week, the company told GlobalRMB. But it is unclear how strong an appetite the food manufacturer has for this asset class, having raised just Rmb500m ($75m) in its debut.

Korea National Oil Corp (KNOC) has sold its first dollar bond of the year, opting for a Formosa transaction in Taiwan.

Korea Development Bank sold a dual-listed offshore renminbi bond on Tuesday amid volatile markets. But it achieved the largest size for a CNH bond issue in more than a month, while also pricing inside one of its peers.

Strong investor demand for Export-Import Bank of Korea’s renminbi credit took the issuer back to the Formosa bond market on Thursday for a Rmb1.5bn ($234.8bn) outing. The transaction came just over three months after the policy bank sealed a public deal in the same market.

Monica Chang, head of loan syndication at ANZ in Taiwan, has left the bank, according to sources.