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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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  • KDB Life Insurance Co bagged a $200m subordinated trade on Monday in its first foray into the international bond market, getting away with the structure despite a volatile backdrop
  • Indian company TVS Logistics Services wants to increase a loan that it launched in November.
  • MSCI has confirmed the 234 A-shares it is including in its benchmark Emerging Markets (EM) Index from June 1. Instead of grabbing all the A-shares they can get on the first day of inclusion, international investors are likely to take a tempered approach and build their exposure incrementally, analysts said.
  • The upcoming inclusion of onshore assets in global indices will drive massive inflows to the onshore capital markets, but will also have the side effect of downsizing the role of the offshore RMB (CNH) markets, according to Julien Martin, the head of FIC product development at the Hong Kong Exchanges and Clearing.
  • HSBC’s China subsidiary is returning to the domestic bond market with a three year note today. Quietly confident that offshore investors will participate through Bond Connect, the bank took a relaxed approach when marketing the deal, sources familiar with the transaction told GlobalRMB.
  • Kakao Games, the gaming arm of South Korean internet giant Kakao Corp, has set the initial terms for an IPO as it waits for the green light to go public.
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