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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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Indian company Tata Steel has returned to the loan market. It is in talks with banks for a £200m ($276m) financing to support its UK business. -
ONGC Videsh, the overseas subsidiary of Indian state-owned Oil and Natural Gas Corp, has launched a $500m loan into general syndication. It is targeting a broad group of lenders for the fundraising, owing to lending caps imposed on banks.
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Indian Oil Corp has mandated three banks for its $500m loan return, after inviting firms to bid for the transaction last month.
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Three Chinese domestic credit rating agencies downgraded Sichuan Languang Development Co due to higher refinancing risk on Monday, sending its bond prices lower.
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Asia's investment grade bond market is off to a busy start for the week, while pressure on the high yield sector continues to keep borrowers at bay.
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An investor consortium led by the local government of Jiangsu has agreed to channel Rmb8.82bn ($1.36bn) into troubled Chinese electric appliance retailer Suning.com, giving a boost to the company’s share price.
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