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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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  • National Highways Authority of India served up its debut Masala deal on Thursday morning, offering investors a second offshore rupee option in under a month.
  • Three Hong Kong-based managing directors at UBS, Wang Cheng, Ding Xiaowen and Frank Sun, have left the firm, according to sources familiar with the matter.
  • Hong Kong’s Bank of East Asia launched a new Basel III additional tier one dollar deal on Thursday morning, following a roadshow earlier in the week.
  • China has not given up its renminbi internationalisation (RMBi) plans, but the constraints of an under-developed financial system will put the brakes on that process until further reforms are implemented, Yin-Wong Cheung, chair professor of international economics at City University of Hong Kong, told GlobalRMB.
  • CK Hutchison priced a $1bn hybrid bond at 4% on Tuesday, with the deal featuring a dual step-up to qualify for partial equity treatment from ratings agencies. And while investor appetite was strong, some handholding was needed behind the scenes.
  • The head of credit for Axis Bank in Hong Kong has been promoted, with the scope of his role widening following the bump up.
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