Asia Pacific

The speed at which Chinese financial firms have made a significant dent in the investment banking profits of bulge bracket banks has even surprised Clawback.

Azure Power Global has rejigged the terms on its $78.4m New York Stock Exchange IPO midway through bookbuilding, halving the shares on offer to make way for the entry of a Canadian institutional investor.

Samsung BioLogics Co has started gauging investor interest for an up to W2.25tr ($2bn) IPO on the main Kospi board in South Korea, with bookbuilding set to begin in mid-October.

Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.

In a wide ranging interview with Emerging Markets, AIIB chairman and president Jin Liqun explains his lending strategy after his first six months of operation and highlights the need for all multilateral institutions to focus more on infrastructure

The Asian green bond market has gone from being a minnow a year ago to dominating global issuance, proving that the product is here to stay. But with no real pricing advantage and the investor base still largely traditional, there is plenty holding back a shift towards growth and sophistication

Britain has made striking free trade deals one of its signature policies following the Brexit vote. Emerging markets will no doubt be keen to sign up but the reality is that such deals will take years to sign off

Tullett Prebon is set to lose its European chief executive, who becomes the second senior departure in the past week from a planned Tullett-ICAP combined group as the two interdealer brokers look to merge by the end of this year.

China Merchants Securities Co raised HK$10.7bn ($1.4bn) in its Hong Kong IPO, pricing the shares below the middle of expectations as bankers on the deal voiced differing opinions on its execution.

Philippines' International Container Terminal Services (ICTSI) and Hong Kong’s ITC Properties Group are readying their respective dollar-denominated bonds, with both companies on the road to meet with investors this week.

The Securities & Exchange Commission of Pakistan (SECP) said the country’s stock exchange will complete a 40% sale this year, but declined to confirm if the Shanghai bourse was eyeing the stake.

Chinese logistics firm ZTO Express has picked the New York Stock Exchange as the destination for its $1.5bn US listing, according to a filing on the US Securities and Exchange Commission.