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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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  • Khazanah Nasional is looking to hire banks for its return to the equity-linked market via an exchangeable sukuk, just eight months after its last issue.
  • Invitations are out for a $500m three year borrowing for State Bank of India, which has lined up 13 lenders to lead the deal with the money funded in March.
  • The senior syndication phase for a $400m loan for Malaysian lender CIMB is close to completion, with three banks joining mandated lead arranger and bookrunner Standard Chartered.
  • Korea Expressway Corp snapped up $400m on a busy Tuesday that saw eight bonds marketed in Asia ex-Japan. Although floating rate notes are gaining popularity in a rising rate environment, the region’s bond market will continue to be focused on fixed rate deals, reckoned market participants.
  • The annual Hong Kong Sevens rugby tournament is infamous for being the city's premier weekend of debauchery. Drinks flow and tongues wag, but the matches and related events also offer great opportunities to see and be seen.
  • Kingboard Chemical Holdings raised HK$1.2bn ($152.5m) after paring down its stake in Kingboard Laminates Holdings on Tuesday via a block driven by reverse enquiry.
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