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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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  • Shell India subsidiary BG Asia Pacific Holdings is looking to raise at least Rp11.7bn ($169m) through a stake sale in Mahanagar Gas.
  • One year after selling its first Panda bond, China Everbright Water came back on August 15 to sell two tranches with identical structures but marketed one of them as a green bond. Investors showed little passion for the tag, however, with the green tranche pricing slightly wider than the other.
  • Jose Arnulfo “Wick” Veloso has resigned from his position as president and chief executive of HSBC Philippines.
  • Korea Water Resources (K-Water) has issued a Sfr200m five year Swiss franc bond, confirming South Korea as the biggest source of foreign bond issuance in the currency.
  • AGS Transact Technologies has revived its plans for a Rp10bn ($143.3m) IPO in India, according to a draft prospectus filed on Monday.
  • German carmaker Daimler came back to the Panda bond market to raise Rmb4bn ($582m) last Thursday, marking its third outing in the asset class in 2018. The issuer shifted its focus to the shorter-dated tranche, which made up 75% of the offer.
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