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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 terrible earthquake and tsunami that hit Indonesia’s Sulawesi island last month has served as a wake-up call for the country’s Ministry of Finance, which is now looking at issuing catastrophe bonds.
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Standard Chartered’s RMB internationalisation index hit a nearly two-year high, State Street entered the RMB qualified foreign institutional with a splash, and index provider IHS Markit partnered with a Chinese clearinghouse for a new set of bond indices.
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IMF data shows the renminbi saw a nearly 40% jump in global foreign exchange reserves in Q2, the US Treasury introduced interim rules to monitor Chinese investment in US firms, and the US Treasury is also likely set to name China a currency manipulator as early as next week.
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China Fortune Land Development Co added $70m to its existing 2020 bonds in a quick tap this week.
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Thailand Future Fund hit screens on Friday, with a set of cornerstone investors looking to help get its Bt44.7bn ($1.4bn) IPO across the line.
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The Ministry of Finance (MoF) second offshore RMB (CNH) auction in 2018 raised Rmb5bn ($720m) on Wednesday. Despite recent RMB depreciation, the demand for CNH bonds remains, albeit in modest amounts.
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