Asia Pacific

Hyundai Oilbank, a subsidiary of South Korean shipbuilding firm Hyundai Heavy Industries, is expected to delay its IPO until 2019, according to a banker working on the deal.

Studio City International Holdings launched its $359.4m New York Stock Exchange listing on Wednesday, in a deal heavily anchored by its controlling shareholders.

Better policy measures are needed as the mainland bond market connects with the rest of the world, Hong Kong Exchanges and Clearing (HKEX) said in an October 4 research paper.

Robust investor demand and reverse enquiry propelled Maoye International Holdings to make a rapid comeback to the bond market with a tap of its September issuance.

China’s Niu Technologies has launched bookbuilding for its $103.8m Nasdaq IPO, but despite plenty of pre-deal interest, sources don't expect the trade to be a blowout.

South African investment manager Investec has appointed a former HSBC exec to strengthen its China expansion.

MUFG has put in place a new management structure, which sees a number of its businesses run globally but from outside Japan. The bank has also crowned several regional and deputy regional heads.

Sri Lanka’s Nations Trust Bank (NTB) has raised a $50m five year loan arranged by Dutch development bank FMO.

Two prominent Asian markets approved dual-class securities this year, but the CFA Institute this week warned of a host of risks that the structure poses to investors.

Asia Pacific Resources International Group, a pulp and paper producer also known as April, is self-arranging an up to $1bn offshore loan.

The Islamic Republic of Pakistan’s outstanding dollar bonds received a boost on Tuesday after the country turned to the IMF for assistance. Addison Gong reports.

Canaan, the world’s second largest maker of cryptocurrency mining equipment, is in a waiting game with the Hong Kong bourse for its IPO to be approved.