Asia Pacific

Kakao Games, the gaming arm of South Korean internet conglomerate Kakao Corp, has pushed back its IPO until 2019 following a change in its priorities.

Thai energy drink manufacturer Osotspa is looking to raise up to Bt15.1bn ($464m) from its IPO, setting the initial terms for the deal on Wednesday.

Dexin China Holdings, a Mainland property developer, has applied to list in Hong Kong through CCB International as sole sponsor.

WuXi AppTec has filed for a possible $1.9bn dual listing in Hong Kong after making a splash with its Shanghai IPO in May.

In GlobalRMB's Best Bank Awards for China DCM, Standard Chartered wins for ABS and CNH, HSBC takes home the G3 Bond House Award, and Bank of China gets kudos as the Best House for Panda bond issuers.

Securities services was one of the most competitive award categories GlobalRMB had to decide this year. Our awards criteria demanded the near-impossible from participating banks: to beat the competition in the fast-changing China access scheme, while at the same time demonstrating a broad client base and the ability to be at the cutting edge of innovation.

HSBC DCM banker Odilbek Isakov has been hired to run Uzbekistan’s new debt management office.

Sumitomo Mitsui Trust Bank brought its debut euro deal to the market on Tuesday as it looked to diversify its funding, racking up more than €2.3bn of demand.

Japanese issuers are not frequently seen in the European corporate bond markets, but this week could have two companies going head to head with benchmark euro transactions. Japan Tobacco will sell its first new issues in Europe, while Toyota is better known to investors on the continent.

IPOs from Asian companies have painted a mixed picture, with deals continuing to get done even as the trade war between the US and China looks set to escalate. But the incredible share debuts of Nio and Qutoutiao last week are unlikely to mark a turning point. If anything, issuers should continue to tread cautiously on pricing.

HSBC Holdings took advantage of an open window for issuance in the Singapore dollar bond market, raising S$750m ($546m) from a Basel III-compliant additional tier one deal on Monday. But potential issuers still looking to tap the currency may need to adjust their expectations.

Japan’s Hitachi Capital Corp has added to the recent flurry of issuance in offshore renminbi, bagging Rmb600m ($87m) on Monday from its second CNH transaction in a year.