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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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  • Thailand’s Strategic Hospitality Extendable Freehold and Leasehold Reit is set to launch a Bt3.96bn ($120m) sale of new units next month.
  • The Asian equity-linked market had a rare treat last week when Country Garden Holdings sold a convertible bond using a call spread feature. Its success has ignited hopes of more such deals, but ECM bankers and issuers should be wary of mixing dreams with reality.
  • India’s Power Finance Corp has invited banks to bid for a new five year financing, in its second visit to the syndicated loan market in 2018.
  • Mumbai-headquartered Metropolis Healthcare has been given the go ahead to list by the Securities and Exchange Board of India, paving the way for an equity sale by two shareholders.
  • Nomura has brought on board Alexandra Tong from Citi to lead Greater China ECM origination and execution, according to an internal memo seen by GlobalCapital Asia on Tuesday.
  • Two Chinese local government financing vehicles (LGFVs) had contrasting responses to their dollar bonds on Monday. While a borrower from Tianjin pulled off its deal with enough anchor support, a Gansu province issuer faced some hiccups around pricing.
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