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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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  • Chinese issuers Far East Horizon and Power Construction Corporation of China sealed perpetual non-call five year deals on Wednesday, feeding investor appetite for yield from high quality names.
  • The combination of One Belt One Road (OBOR) and Bond Connect will allow the renminbi to be used more widely as an investment and reserve currency, presenting a breakthrough for RMBi, said experts at the Hong Kong Exchange’s RMB fixed income and currency conference on Thursday.
  • Bond Connect will only provide northbound trading for the next few years, Charles Li, chief executive of the Hong Kong Exchange, has said.
  • Hong Kong’s FWD Group and AMTD Group Company have started taking orders for their respective unrated perpetual bonds. The former is seeking a zero coupon subordinated deal, while the latter is marketing a senior transaction — its second international offering.
  • Indian lender IndusInd Bank is planning to roll out a $300m syndication with four mandated lead arrangers and bookrunners next week.
  • Chinese high yield company Hilong Holding has mandated banks for a dollar bond.
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