Asia Pacific

A surge in international bank issuance has carried on almost uninterrupted in the yen market this year, even after the Japanese Financial Services Agency raised the bar on investments in total loss-absorbing capital (TLAC).

JS Global Lifestyle Co, a Hong Kong-based maker of small household appliances, has passed the final stage of its pre-IPO process, winning approval to list from the Hong Kong Stock Exchange.

Asset World Corp, the property and hospitality firm, has raised Bt48bn ($1.57bn) from Thailand’s largest IPO by a private company.

Eddie Wong, a director of loan syndications, has left ING after over a year.

Chinese health and wellness solutions provider Ecmoho is planning to float on the Nasdaq and is targeting proceeds of up to $150m.

Barclays is paying $6.3m to US authorities to settle charges that it won business from foreign government officials by offering their relatives and friends internships and jobs.

Zhongliang Holdings Group Co, the Chinese high yield property company, returned to the dollar bond market on Friday, adding $100m to its coffers in a tap of its maiden 2021 bonds, issued only the week before.

Beijing Hongkun Weiye Real Estate Development Co sold a three non-put two year bond on Friday last week with one of the highest yields Asia has seen this year.

In this round-up, the US and China set a date for the next round of negotiation in Washington DC, MUFG and Mizuho receive approval to underwrite onshore Chinese bonds and China’s industrial profits growth edges down in August.

AllHome Corp, a home building and furnishing materials company, priced its Ps12.9bn ($248.8m) IPO this week, riding a wave of local and international demand for its high growth story.

Credit Suisse has hired three senior members of CLSA’s China Reality Research group to form a new research team for the mainland.

A number of dollar bond issuers in Asia have moved to reopen their existing notes and add more funds to their coffers ahead of a week-long holiday in China for National Day.