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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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  • Banks operating in Hong Kong are actively pushing for the adoption of alternative risk-free rates as the deadline for phasing out Libor, the old lending benchmark, approaches.
  • HH&L Acquisition Corp has bagged $360m after increasing the size of its New York Stock Exchange IPO, in yet another sign that Asia-focused blank cheque companies are surging in popularity.
  • Vietnam Technological and Commercial Joint Stock Bank is in discussions with lenders for a comeback to the loan market.
  • Chinese solar power company GCL New Energy Holdings has met the threshold needed to restructure its debt, following its default on a dollar bond at the end of January.
  • Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.
  • JP Morgan has named Simone Haslinger and Jonas Troeber as the co-heads of its equity capital markets business in Australia and New Zealand.
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