South Korea

CMB International and South Korea’s SK Innovation were taking bids for their dollar bonds on Monday, but despite the early start to the activity, debt bankers expect little else to follow.

The governance problems at the United Nations’ Green Climate Fund hit a new low this week when a four day board meeting was almost entirely taken up with procedural wrangling and failed to reach agreement on most of the agenda.

Howard Bamsey has stepped down as executive director of the Green Climate Fund with immediate effect, at the end of a four day board meeting described as "very difficult and disappointing" by the organisation's co-chairman.

The debut dollar bond issue for Heungkuk Fire and Marine Insurance Co has caused some consternation in the market this week. The order book for the South Korean company’s subordinated deal had been open for a week as GlobalCapital Asia went to press on Thursday, leaving bankers and analysts scratching their heads.

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

SC Lowy co-founder and CEO Michel Löwy talks to GlobalCapital about developing a DCM business, Italy and entrepreneurship.

After days of volatility in Asia’s capital markets, what does the bond issuance pipeline look like this week?

Heungkuk Fire and Marine Insurance Co, which kicked off bookbuilding for a dollar bond on Thursday, was still speaking to investors on Friday morning, according to a source close to the situation.

Equity markets in Asia went into a tailspin on Tuesday after trade tensions between the US and China ratcheted up. While the region’s bourses found some support in the following days, more disruption is probably on the way. Rashmi Kumar reports.

South Korea’s GS Caltex Corp had five times the demand for its $300m bond on Wednesday, allowing it to pull off an exceptional 30bp price tightening.

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.

The Export-Import Bank of Korea returned to the Swiss franc bond market on Thursday, capitalising on an arbitrage window against its dollar curve.