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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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  • StanChart loses loans ED — UBS rejigs China equities team — Credit Suisse names Philippines country manager — BNPP appoints new China chief executive
  • Indonesian consumer lender BFI Finance is preparing to launch a loan of about $100m into general syndication, after mandating three banks as leads.
  • Thai property developer Singha Estate raised $229m on Wednesday from its first visit to the equity capital market, tapping international and domestic investors with a convertible bond and share placement combo.
  • China National Chemical Corp has priced a Reg S-only $3bn triple-tranche deal, hitting its targeted size while paying minimum new issue premium. Peak demand was $15.5bn across the board, thanks to an attractive initial price guidance and the company’s strong credentials.
  • Thailand’s PTT Exploration and Production (PTTEP) raised $500m from its new perpetual non-call five bond on Wednesday, while simultaneously conducting a buyback of its existing notes.
  • Powerlong Real Estate Holdings managed to price a $200m bond on Wednesday, the same day that China National Chemical Corp and Japan’s Softbank Group snapped up a combined $7.5bn from the debt market.
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