* KOREA (10/22 08:40 GMT) KCC Corp is raising US$1b through the issue of 
5-yr zero-coupon EB/CB. The 3-tranche transaction comprises US$270m of notes 
convertible into KCC shares at a premium of as much as 30%, US$281m of notes 
exchangeable into Hyundai Heavy Industries" shares at a premium of as much as 
55% and US$449m of notes exchangeable into Hyundai Merchant Marine"s shares at 
between 20-30% premium of today"s volume weighted avg price. Proceeds to 
refinance debt and fund new investments. JPMorgan Chase & Co is sole 
bookrunner while Barclays acts as co-manager of the deal.
* HK (10/22 01:35 GMT) Alibaba.com has raised price range to HK$12-13.5 
per share, from HK$10-12 previously, for its upcoming IPO. The firm is 
offering 858.9 million, or 17% of its enlarged share capital. The retail 
portion of Alibaba"s offering will open on October 23 and the books will close 
on Friday October 26. The trading debut is set for Oct 29, stock code 1688. 
Goldman Sachs, Morgan Stanley and Deutsche are sponsors of the deal.
* KOREA (10/17 07:20 GMT) Miju Steel Manufacturing Co Ltd (stock code 
002670 on the KS) KRW20b (US$21.78m) 3-yr domestic zero-coupon CB due 30 Oct 
2010. IP par. Redemption at 112.486. YTM=4%. Put @105.0248 on 30 Jan 2009, 
@107.1047 on 30 Jul 2009, @109.2257 on 30 Jan 2010 and @111.3888 on 30 Jul 
2010. Conv px = KRW1,150, vs current price KRW1,025. Max cover down 70%. Terms 
may refix. Listing. Settlement date 30 Oct.
* HK (10/16 01:10 GMT) Roadshow for Alibaba.com IPO kicked off yesterday 
in HK. Number of offered shares 858m of which 128m for public offered and 730m 
for international offer. Max offer price HK$12. The IPO size is likely to go 
beyond HK$10b to become the largest internet IPO in the territory to date. 
Bookrunners are Goldman Sachs and Morgan Stanley. A few strategic investors, 
including AIG Global, ICBC (Asia), behind the Wharf Group, the Kerry Group and 
Sun Hung Kai Properties, have been heard. The company operates online trading 
platforms. It has 87% gross margin, revenue growth of 105% in 2005 and 85% 
last year. The IPO price range values the company at 39.9-47.8x its expected 
2008 earnings. Investors are willing to pay such a multiple as they see the 
huge opportunities of B2B business among China"s 42 million small and medium 
enterprises. The retail portion of Alibaba"s offering will open on October 23 
and the books will close on Friday October 26. The trading debut is set for 
Oct 29, stock code 1688.
* KOREA (10/15 02:10 GMT) Choa Pharmaceutical Co (stock code 034940 KS) 
KRW15b (US$16.35m) 3-yr zero-coupon CB due 29 Oct 2010. IP par. Redemption 
114.117. Conv px=KRW5,110. Putable after 6 months and semi-annually thereafter 
@104.5 on 29 Mar 2008, @106.8254 on 29 Sept 2008, @109.2025 on 29 Mar 2009 and 
@111.6325 on 29 Sept 2009. Max cover down 70%. YTM 4.5%. Terms may refix. Lead 
manager is Kiwoon Securities.
* KOREA (10/12 08:10 GMT) Mirae Asset Securities KRW455b (US$495.41m) 5-yr 
zero-coupon domestic CB due 1 Nov 2012. IP @par. Redemption @121.665. Conv px 
=KRW130,000. Max cover down 70%. Quarterly call after 3 months @100.99 in Feb 
2008, @101.98 in May 2008, @102.99 in Aug 2008, @104 in Nov 2008, @105.02 in 
Feb 2009, @106.06 in May 2009, @107.10 in Aug 2009, @108.16 Nov 2009, @109.23 
in Feb 2010, @110.3 May 2010, @111.39 in Aug 2010, @112.49 in Nov 2010, 
@113.59 in Feb 2011, @114.71 in May 2011, @115.84 in Aug 2011, @116.99 in Nov 
2011, @118.14 Feb 2012, @119.30 in May 2012 and 2120.48 in Aug 2012. Put 
@112.49 in Nov 2010 and @116.99 in Nov 2011.
* CHINA (10/12 02:30 GMT) Fu Ji Food (listed on HKSE, stock code 1175) 
RMB1.315b (US$175.17m) 3-yr zero-coupon CB due 18 Oct 2010. IP par. Redemption 
in HKD and @107.34. Conv px =HK$32.83. Initial premium =30%. 10% clean-up 
call. Delisting put.
* TAIWAN (10/12 02:20 GMT) Rossmax International Ltd (List on Taiwan SE, 
stock code 4121) NT$100m (US$3.07m) 5-yr zero-coupon CB due 19 Oct 2012. IP 
par. Conv px =NT$37.07. Initial premium =1%. Put in Oct 2009 @101 and Oct 2010 
@101.50. 10% clean-up call. Max cov down =80%. Listing Gretai. Lead manager is 
Grand Cathay Secs.
* TAIWAN (10/08 06:40 GMT) Everskill Technology Co (stock code 6232 on 
Taiwan SE) US$30m 0% 5-yr euroconvertible due 5 Oct 2012. IP par. Conv px = 
NT$17.15 (US$/NT$=33.07). Initial premium =1%. Put at par if stock px >= 
NT$25.725 for 30 days after 5 Oct 2008. Call at par after 5 Oct 2008, subject 
to a hurdle of 150%. 10% clean-up call. Max conversion down 80%. Not listed. 
Sole lead manager is Megas Securities.
* CHINA (10/08 04:50 GMT) Guizhou Chitianhua Corp (listed on Shanghai SE, 
stock code 600227) priced domestic CB to raise RMB450m. Maturity 5 years due 
10 Oct 2012. IP par. Step-up coupons at 1.5% to Oct 2008, 1.8% to Oct 2009, 
2.1% to Oct 2010, 2.4% to Oct 2011, 2.7% to Oct 2012. Redemption at 105. Conv 
price = RMB24.93, vs current price at RMB26.62. Provisional put @103 if stock 
price < 70% of conv price for 30 consecutive days after 10 Apr 2008. 
Guaranteed by Bank of Communications. Listing in Shanghai. Settlement date 10 
Oct. Zheshang Securities is lead manager.
* CHINA (10/05 03:15 GMT) China"s e-commerce company Alibaba.com has won 
approval from the Hong Kong Stock Exchange for an IPO listing. The deal will 
be sponsoring by Goldman Sachs and Morgan Stanley, with Rothschild a financial 
adviser.
* TAIWAN (10/05 01:45 GMT) Ta Chen Stainless Pipe (listed on the Taiwan 
SE, stock code 2027) NT$600m (US$18.4m) 5-yr zero-coupon domestic CB due 15 
Oct 2012. IP par. Conv px =NT$50.5. Initial premium + 1%. Call at par, subject 
to a hurdle of 150%, from 16 Jan 2008 to 5 Sept 2012. 10% clean-up call. Max 
conversion down 80%. Listing. Lead manager is President Securities.
* TAIWAN (10/01 08:00 GMT) Yuen Foong Yu Paper Manufacturing (stock code 
8069 on Taiwan SE) US$100m 0% 5-yr euroconvertible due 15 Oct 2012. IP par. 
Conv px to be determined but will give 25% premium. Put on 15 Oct 2009. Call 
after 2 years subject to a hurdle of 130%. Listing Singapore. Sole lead 
manager Credit Suisse.
* TAIWAN (10/01 07:55 GMT) CKM Building Material (stock code 8930 on 
Taiwan SE) NT$200m (US$6.14m) 5-yr 0% CB due 4 Oct 2012. IP 101. Conv px = 
NT$17.7. Initial premium = 5%. Callable subject to 150% hurdle. 10% clean-up 
call. Put at par in Oct 2010 and Oct 2011. Max conversion down 80%. Listing. 
Lead manager Chinatrust Securities.
* TAIWAN (09/28 07:00 GMT) Chunghwa Picture Tubes Ltd (listed on the 
Taiwan SE, stock code 2475) details terms on a Euroconvertible bond offering. 
Size US$125m, plus greenshoe US$25m. Maturity 5 years due 2 Oct 2012. IP par 
with redemption at 120 to give 3.6799% yield. Coupon 0%. Denom US$100k. Conv 
px = NT$10.35 (vs indication of NT$9.618-10.351 and current price NT$9.47). 
Conv premium = 13%, the top end of indication 5-13%. Put on 2 Apr 2009 at 
106.903 and yield to put at 4.5%. Delisting put. Callable subject to 130% 
hurdle. 10% clean-up call. Listing Singapore. Lead managers are ABN Amro 
Rothschild and Barclays.
* CHINA (09/28 05:20 GMT) Sinopec Corp (stock code 386 on HKSE and 600028 
on Shanghai) plans to sell RMB50b of bonds to finance gas and chemical 
projects. The proposal consists of no more than RMB30b CB offer plus no more 
than RMB20b corporate bond issuance in the domestic market. The CB will carry 
a 6-yr maturity with IP at par and at least 60% of the bonds would be set 
aside for existing shareholders. The deal is the largest bond sale by he 
company and is subject to approval from he company"s shareholders and China 
Securities Regulatory Commission. Sinopec said it is investing RMB62.7b in 
developing the Puguang gas field in Sichuan province and building a pipeline 
to pump the natural gas to eastern China.
* TAIWAN (09/28 03:20 GMT) Chunghwa Picture Tubes Ltd (listed on the 
Taiwan SE, stock code 2475) is offering Euroconvertible bonds. Size US$125m, 
plus gr