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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 former Bank of America Merrill Lynch ECM syndicate banker has taken a new senior role at CEB International, as the Chinese firm develops its offshore investment banking platform, sources said this week.
  • Shui On Development has hit the syndications market for a $150m three year borrowing guaranteed by parent Shui On Land. The firm is the latest name to tap the bond and loan markets in quick succession.
  • Non-banking finance company MAS Financial Services has submitted draft documents with India’s market regulator to list for up to Rp5.5bn ($84.5m).
  • Property developer Fujian Yango Group started taking bids for its debut international bond on Tuesday, immediately after wrapping up fixed income investor meetings. Its deal follows fellow Chinese company Zhejiang Huzhou Huantaihu Group Co’s $150m outing on Monday.
  • India’s divestment body is hunting for firms to manage New India Assurance Co’s IPO, one of five state-owned insurers the government plans to take public.
  • Automobile parts maker Zhongding Hong Kong has wrapped up its latest syndicated loan at €200m ($217m), higher than the launch size of €150m, as 14 lenders chipped in.
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