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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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Punjab National Bank has hired six firms to lead a Rp50bn ($770m) qualified institutional placement, as the Indian lender looks to bolster its balance sheet.
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The European Investment Bank (EIB) tapped South African rand twice this week, amid rising yields in the currency. Elsewhere, the International Finance Corporation (IFC) and World Bank both sold three lots of offshore renminbi, and Nordic Investment Bank (NIB) returned to Hong Kong dollars.
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Chinese regulators are considering allowing mainland-based holders of Hong Kong-listed stocks to freely convert shares into H-shares, in a move that could open up swathes of liquidity in the city. Details are limited at this stage, but the decision would be a game changer for issuers and investors in Hong Kong’s equity market, market observers said this week.
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Vivat on Thursday became the latest insurer to issue tier two debt with a $575m bond, which will be used to pay off debt to Anbang Insurance Group.
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Chinese issuers are starting to look beyond US dollars for new fundraising opportunities, with attractive cross-currency swap rates — and the potential for diversification — making Singapore dollars and euro issuance the flavour of the month. Morgan Davis reports.
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