South Korea

All eyes will be on the renminbi this week with the dollar fix edging closer to 7, despite a slight reprieve on Monday. Meanwhile, Shenzhen Connect fails to click with Korean investors, while CNH deposits are starting to recover in the country.

The renminbi qualified foreign institutional investor (RQFII) scheme is set to end 2016 on a disappointing note with the combined value of quotas awarded amounting to roughly half of last year’s total.

Indonesia’s move to pre-fund its 2017 financing requirements with a bond last week surprised the market. Views are mixed on whether it made the right decision but DCM bankers in the region hope other sovereigns will also look to make an early start on funding plans.

South Korea's Shinhan Bank raised $500m on Wednesday, to match its March tier two dollar deal in size, but was forced to pay up to make it happen.

Samsung Electronics Co is toying with the idea of splitting itself in two and floating shares on an international exchange.

South Korea's Shinhan Bank opened books to its second dollar tier two deal of the year Wednesday morning.

Citi and Goldman Sachs executed a clean-up trade for SK Telecom in South Korea’s Posco on Monday, with the club deal raising W307.9bn ($261.9m).

Eurex, the derivatives exchange of Deutsche Börse, has launched a daily future linked to the Kospi-200 index, which will be fully fungible with contracts traded on the Korea Exchange (KRX).

Steel giant Posco has raised W187.7bn ($159.7m) after offloading its entire position in South Korea’s Shinhan Financial Group, at a time when the benchmark Kospi index has fallen 3.1% in the past month.

With the RMB hitting new lows against the dollar following the US elections, the move away from offshore RMB (CNH) deposits is likely to continue, if not accelerate. GlobalRMB is introducing a new historical chart tracking the level of CNH deposits across Hong Kong, Macau, Singapore, South Korea and the UK.

South Korean heavy industry company Doosan Infracore Co priced a new bond on Tuesday, giving investors a break from the procession of offerings from China. Although Korean borrowers are known for their aggressive pricing strategy, recent market volatility forced Doosan to pay up.

China’s Yancheng Oriental Investment & Development Group Co and South Korea’s Doosan Infracore Co ventured out to the DCM market on Tuesday for their respective dollar-denominated bonds.