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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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  • A $500m three year borrowing for State Bank of India has been allotted among 21 lenders, eight of which joined during general syndication.
  • China Merchants Bank printed its inaugural international floating rate note this week, becoming the first joint stock bank from the country to do so. It priced its bonds close to fair value.
  • South Korea’s GS Caltex Corp bagged a $400m five year deal on Monday, securing buy-side support thanks to its credentials, despite a soft market backdrop.
  • ICICI Bank’s board has approved the sale of part of its stake in ICICI Lombard General Insurance Co via an IPO — the Indian lender’s second such deal following the successful listing of ICICI Prudential Life Insurance Co.
  • Malaysian lenders RHB Bank and AMMB Holdings (AmBank Group) have entered into an exclusivity agreement for a potential merger.
  • China Construction Bank International opened books for a new five year deal on Tuesday morning, backed by the lender's Hong Kong branch.
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