Asia Pacific

Akesobio, a Chinese biopharmaceuticals company, filed a draft prospectus for an IPO with Hong Kong’s stock exchange on Tuesday.

China YuHua Education Corp has bagged HK$2.02bn ($259m) from a convertible bond, printed in part to fund the buyback of its existing CB, according to a source familiar with the matter.

M&G Investments, a London-based investment manager, has appointed Matthew O’Sullivan as head of Asia Pacific origination to expand its operations in the region.

Company managements are becoming more alert to climate change and developing policies on it, new research on the transport sector shows. But the range is huge, and having a board that recognises the climate problem does not necessarily mean the company is decarbonising fast enough.

Commerzbank has hired Jason Ho as its Hong Kong-based head of Greater China primary bonds, to strengthen its debt underwriting franchise in Asia and in China.

UBS has reorganised the senior management team of its global banking business in Asia Pacific, less than three months after revamping its investment banking unit globally.

Peking University Founder Group Co failed to repay a Rmb2bn ($284m) onshore bond on Monday, as worries about its mounting debt continue to put pressure on its dollar bonds.

Acleda Bank, Cambodia’s largest bank by total assets, has got the greenlight from the country’s central bank to hold a public offering.

The China Banking and Insurance Regulatory Commission (CBIRC) published the first set of capital requirements for banks’ wealth management subsidiaries on Monday, with the rules set to go into effect on March 1 next year.

Oil and Natural Gas Corp’s (ONGC) failed attempt to loosen change of control covenants for its dollar bond is a prime example of why investors in Indian state-owned enterprises need to keep their eyes wide open when approaching new deals.

OneConnect Financial Technology, a unit of Chinese conglomerate Ping An Group, hit the road on Tuesday to meet investors for its New York Stock Exchange IPO.

RBL Bank’s qualified institutional placement (QIP) was multiple times covered within hours of launching on Tuesday in India, said a source familiar with the matter.