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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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  • State-owned China Power International Development (CPID) is heading to the onshore bond market for Rmb2bn ($312.4m) of funding. The Hong Kong-incorporated borrower wants to attempt its first Panda since 2016, but it needs regulatory approval first.
  • Foxconn Industrial Internet (FII) has pulled off China’s largest A-share IPO in three years after winning demand from the country’s tech titans.
  • Philippine firm Rizal Commercial Banking Corp is seeking a $300m offshore loan via five mandated lead arrangers and bookrunners, according to a banker with knowledge of the deal.
  • China Energy Reserve & Chemicals Group Co (CERCG) said on Sunday evening that it has officially defaulted on its dollar bonds, marking the third offshore default from Greater China in recent weeks. Markets participants are not stressing about it though, but are instead optimistic about a strong week for primary and secondary markets.
  • David So, an executive director for debt capital markets, Asia Pacific, is leaving Natixis to join a competitor.
  • Leonard Ng has joined Standard Chartered’s debt capital markets team in Singapore.
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