Asia Pacific

An over-ambitious price range and miscommunication among the lead banks towards the end of bookbuilding has forced Doosan Bobcat to pull its W2.4tr ($2.2bn) IPO in South Korea, according to bankers.

China’s reliance on a loose collection of market regulators has exacerbated market volatility, with the IMF welcoming plans for a total revamp of the financial markets institutional framework, according to Markus Rodlauer, former China mission chief and deputy director of the Asia and Pacific Department.

The Monetary Authority of Singapore has cracked down on DBS Bank, Falcon Private Bank and UBS for breaching its anti-money laundering (AML) requirements, following an investigation into fund flows related to scandal-hit Malaysian investment fund 1MDB.

Indonesian textile company Delta Dunia Sandang Tekstil has signed its $260m fundraising with 13 lenders, about four months after banks were first sounded out.

With one quarter left of 2016 to go and global issuance 22% down, the equity capital markets bookrunner race is going into its final straight. Familiar faces are leading the pack, but incumbents in general are having a tough year.

The Kangaroo market has faced a variety of challenges but, for each challenge, it has evolved to provide new pockets of value for investors and to meet borrowers’ requirements as they respond to the constantly shifting market realities. By Lewis McLellan.

The International Bank of Azerbaijan (IBA) will close syndication for its $150m one year loan this week and banks should complete documentation around October 19, according to a banker on the deal.

In an interview with GlobalMarkets Asian Development Bank (ADB) president Takehiko Nakao reveals the strategic thinking behind a surprisingly high degree of cooperation between the Japan and US-dominated ADB, based in Manila, and the China-dominated Asian Infrastructure Investment Bank (AIIB), based in Beijing

Leading voices from across the emerging world have lined up this week to talk up the benefits of free and unfettered trade — and bemoan the increasingly protectionist rhetoric they see emanating from politicians in the struggling West

The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues

The Philippines' finance minister Carlos Dominguez tells GlobalMarkets how he plans to "rebalance" its relationship with China and carry out extensive economic reforms to attract foreign investment

Sri Lanka’s economy is slowly being wrestled back into shape, following the disastrous era of scattergun borrowing and spending that embodied the previous government. But, the country’s finance minister tells Global Markets, much remains to be done in order to clear a huge backlog of debt and toxic loans out of the financial system, and get the economy moving again