South Korea

BNY Mellon has appointed an ex-JP Morgan banker as country executive for its South Korea operations, according to a Tuesday announcement.

ING Life Insurance Korea is seeking approval to go public through an IPO, filing a draft prospectus with the Korea Exchange (KRX) on Thursday.

Korea Water Resources Corp (K-water) is preparing to join the queue of issuers from the country selling dollar bond offerings this year, following a three year hiatus.

Toll road operator Korea Expressway Corp is seeking banks for a new dollar deal to launch in April, three years after its last international issuance.

The Hong Kong Monetary Authority (HKMA) released one of the most disappointing sets of RMB data last week when it revealed that the city’s renminbi deposits had plunged 12.9% in December 2016 to Rmb546.7bn ($79.5bn).

Industrial Bank of Korea (IBK) has become the latest issuer from the country to venture offshore, opting for a Reg S only format to speed up execution.

ING Life Korea is planning to raise $1bn from an IPO in 2017, according to a source familiar with the matter.

Siam Commercial Bank and the Industrial Bank of Korea both returned to the dollar bond market on Monday an extended period away.

The Export-Import Bank of Korea (Kexim) raised $1.5bn Wednesday across three and five year tranches, less than a week after the Republic of Korea reopened the Asian sovereign market with a $1bn 10 year deal.

China Development Bank priced a mammoth five tranche deal Tuesday, raising more than $4bn across three dollar and two euro tranches, making it the first Chinese name to issue a euro deal this year.

The South Korean government is planning to list state-owned energy company Korea East-West Power Co in 2017 with an IPO potentially worth around W1tr ($857.4m).

The Republic of Korea became the first Asian sovereign out of the gate in 2017, sealing a $1bn 10 year bond on Thursday against a backdrop of political turmoil in the country.