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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • BNP Paribas has created a new global banking division in Asia Pacific, a move that brings the structure of its business in the region in line with its international operations, GlobalCapital Asia has learnt.
  • Standard Chartered has lost its Asia head of primary ABS, GlobalCapital has learnt.
  • China’s ABS market had a burst of supply this week, with five auto loan finance companies announcing or pricing deals in a bid to get ahead of possible tighter monetary conditions onshore. But the diverse nature of the originators meant competition was of little concern. Addison Gong reports.
  • I have shared my recent experience of getting vaccinated in Hong Kong with my loyal readers, many of whom have given me kudos.
  • China Railway Construction Corp (CRCC) sold two tranches of five year bonds, one in dollars and the other in euros, to net more than $663m.
  • A pair of large block trades this week showed the depth of Hong Kong’s equity capital market, with more than $3bn raised by conglomerate China Evergrande Group and European food products company Danone. Jonathan Breen reports.
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