Asia Pacific

Investment company AllianceBernstein says it is focused on the development of the AT1 market beyond the large European banks, as it launched a new financials fund.

The world’s first bond denominated in Uzbekistani soum was listed on the London Stock Exchange on Wednesday morning. The bond, issued by the International Finance Corporation, is expected to be the first step in the country’s growing ambitions for a capital markets presence.

Embattled company Noble Group has secured support from shareholder Goldilocks Investment Co for its new restructuring plan. The commodities trader has promised to increase shareholders’ stakes in New Noble to 20%, and has also kicked off a strategic partnership in the Middle East.

Mumbai-based property developer Oberoi Realty has raised Rp12bn ($176m) from a qualified institutional placement.

Poultry feed producer Charoen Pokphand Indonesia is talking to the lenders on two of its offshore borrowings sealed in 2014 and 2015, to cut pricing, several bankers said this week.

Greenland Hong Kong Holdings steered through the volatility in global markets on Tuesday to nab $200m from a sub-one year bond to refinance a looming maturity.

Korea Development Bank sold a dual-listed offshore renminbi bond on Tuesday amid volatile markets. But it achieved the largest size for a CNH bond issue in more than a month, while also pricing inside one of its peers.

WuXi Biologics’ controlling shareholder has raised HK$3.96bn ($504.6m) after selling a block of shares in the company.

Chinese firm Natural Food International Holding is planning a flotation on the Hong Kong Stock Exchange, filing a draft IPO prospectus on Tuesday.

Goldman Sachs has appointed Cai Wei as co-head of its China investment banking division, the bank's first China partner hire from outside the firm, according to an internal memo.

JP Morgan has tapped Charles Chiang as head of Asia Pacific equities, succeeding Mark Leung who was recently appointed as the China chief executive.

China’s Yestar Aesthetic Medical Group has submitted a draft prospectus to the Hong Kong market regulator for the green light to float in the city.