Asia Pacific

Jacobson Pharma Corp, maker of the Po Chai pills used to treat indigestion and prevent hangovers, is seeking a $200m IPO in Hong Kong via sole sponsor BoC International.

Veteran banker Ali Abbas Alam, co-head of the emerging markets financing group for Asia at Credit Suisse, is due to leave the lender after a 16 year spell.

Japan has unveiled its total loss absorbing capacity (TLAC) framework and in line with expectations has adopted a single point of entry approach with a group’s holding company being the resolution entity.

Five lenders have opened into syndication a $1.5bn loan for Tencent Asset Management, the investment arm of Chinese technology firm Tencent Holdings.

Bond investors woke up to a pair of investment grade Asian issuers on Wednesday with the government of Malaysia seeking bids for a dual-tranche wakala sukuk and BoC Aviation looking to close a conventional 10 year.

Chinese metals exchange operator Yintech Investment Holdings has opened books for its US IPO that could raise $109m, a source with knowledge of the deal told GlobalCapital Asia.

Angus Richardson has been named head of cash equity sales for Asia Pacific at Citi, in a move that will see him relocating to Hong Kong in the coming months, according to a memo seen by GlobalCapital Asia.

Bond investors had little concern on buying Yunnan Provincial Energy Investment Group’s tightly priced debut bond this week, despite the structure of the notes being weaker than the one sold by parent Yunnan Provincial Investment Holdings Group (YIG) last month.

Maybank Kim Eng’s Hong Kong arm is eyeing opportunities in Greater China to push it closer towards its ambitions. John Fei, CEO for Hong Kong and China, told GlobalCapital Asia that the firm is not only looking to break into the ranks of the city’s top 15 investment banks but also wants to be among the top 20 brokerages.

Rentenbank added to a strong run of Kauri issuance over the last week with a NZ$100m ($69.2m) five year deal on Tuesday, as another issuer lined up a trade in the format.

Hong Kong Exchanges and Clearing plans to add to its suite of renminbi currency futures this quarter.

A reversal in trading patterns last week sent the yen as low as ¥109.70 against the dollar, but recent trading has been driven by aggressive hedge funds unwinding long yen positions ahead of a Bank of Japan (BoJ) meeting in late April.