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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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  • No candidate from an emerging or developing country has come forward to challenge US politician David Malpass for the presidency of the World Bank Group.
  • Governments of low income countries will need private capital to finance infrastructure projects if they are to meet the Sustainable Development Goals by 2030, according to a report from the International Monetary Fund. Phil Thornton reports
  • The roadshow for Uzbekistan’s debut dollar denominated 144A/Reg S benchmark started this week, but with only two of the three international banks originally picked for the mandate still present on it.
  • Japanese anchor investor Norinchukin is directing issuers to print new issue euro CLOs within a week, according to market sources, leading to pressure on syndicate desks to place the mezzanine, weaker spreads — and tougher times for equity investors.
  • Uzbekistan landed on screens on Monday morning, announcing a roadshow to promote its debut in the Eurobond market.
  • Goldman Sachs has held off from rewarding some retired executives compensation until “more information is available” on the 1Malaysia Development Berhad scandal.
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