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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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  • BOC Aviation, the aircraft leasing group under Bank of China, has launched a $500m five year borrowing into general syndication, with a group of ten banks at the helm.
  • Geely and BNP Paribas’s auto finance joint venture hit the Chinese securitization market with a bang on Tuesday, as domestic investors oversubscribed its single tranche sale by three times. The deal came a week before Mercedes is scheduled to launch a similarly structured transaction, which will be its first in China this year.
  • Asia’s offshore bond market ran to a near stand-still this week, with just one issuer selling a dollar bond. While the typical summer lull is to blame for at least some of the quiet, bankers were divided on whether the crisis in Turkey has made things worse for Asian issuers.
  • An overnight sell-down in Malaysia’s RHB Bank raised MR609.9m ($148.9m) for its Middle Eastern shareholder on Tuesday. The deal finally went ahead after a period of election-related uncertainty.
  • China Everbright International hit the market on Tuesday with news of a billion-dollar rights issue, sending its stock price tumbling
  • Beijing Construction Engineering Group (BCEG) raised $600m from a quick transaction on Monday, following the approach of other recent Chinese issuers by relying on anchor orders to close the deal.
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