Asia Pacific

Osotspa’s Bt15.1bn ($465m) IPO in Thailand is heavily oversubscribed with pricing expected to come near the top of expectations.

Papua New Guinea’s dollar bond sale last week was a landmark for the sovereign, which had toyed with the idea of an issuance for more than a decade. But while PNG deserves praise, its success does not reflect a victory for emerging markets.

Tencent Music Entertainment Group has started pre-deal investor education for one of the highest-profile IPOs by a Chinese firm in the US this year.

Natixis has picked two bankers to lead its corporate coverage across Greater China through an internal promotion and a new hire.

Global volatility has caused Sri Lanka’s Sampath Bank to postpone its proposed subordinated dollar bond issue, it said on Tuesday.

Hong Kong-based blank cheque company Alberton Acquisition has filed for approval to list on the Nasdaq.

Indonesian power company Perusahaan Listrik Negara has closed its debut offshore loan after exercising part of the greenshoe option.

The Ministry of Finance of the People’s Republic of China has mandated 12 banks to work on its planned $3bn return to the bond market, which could come next week.

Hong Kong-based Alex Yuen has resigned from JP Morgan’s equity capital markets team, GlobalCapital Asia understands.

Work to clarify thinking about impact in investment – meaning its effects on society or the environment – is going on apace. The International Finance Corp will launch next week at the World Bank/IMF annual meetings in Bali a set of Operating Principles for Impact Management, which are designed to complement the framework for analysing impact produced by the Impact Management Project.

Beset by low interest margins and a falling population, Japanese banks have looked abroad for juicier returns and have matched this with overseas funding. As Jasper Cox reports, it is a strategy that has made them vulnerable on either side of the balance sheet.

It has been a momentous year in the yen market. Having long been seen as a very traditional and conservative part of the financial world, Japan has been embracing change.