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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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  • The party in Chinese high yield real estate bonds continued this week, with China Aoyuan Group, Zhenro Properties and Yuzhou Properties taking home $1.15bn between them on Tuesday.
  • Lenovo Group boosted the size of its debut convertible bond to $675m after a flood of investors turned out for the deal, according to bankers on the mandate.
  • Indonesia’s Alam Sutera Realty nabbed $175m from investors on Tuesday, as it attempted to beat the clock on its impending maturities.
  • China’s Bank of Communications Financial Leasing Co managed to raise the upper end of its $1.5bn target size at a tighter-than-expected level on Tuesday, a feat achieved despite a busy bond market in Asia.
  • South Korea’s Hanwha Total Petrochemical Co brought its maiden dollar bond to the market on Tuesday, appealing to investors with its strong credentials and scarcity value.
  • Japan’s Mitsubishi Corp has bagged Ps11.7bn ($244.35m) from a much sought-after sell-down of shares in Philippine conglomerate Ayala Corp, according to a source close to the deal.
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