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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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  • Officials at the China Securities Regulatory Commission (CSRC) said on Sunday that they will continue approving IPOs at a faster clip as stability returns to the market.
  • The State Administration of Foreign Exchange (Safe) has followed up on a promise made at the end of last year, announcing on Monday that foreign institutional investors are now allowed to enter the onshore FX derivatives market.
  • The company behind Chinese social media platform kktv5.com, Hangzhou Mi Lu Technology Co, is vying for a Hong Kong listing as soon as this year, according to a banker that pitched for the IPO.
  • Novelis’s $1.8bn Asian refinancing of its US term loan B has seen four new lenders come in during syndication, as the leads hold out for several more large commitments.
  • Harvest Operations Corp said last Friday that it has completed a C$1bn ($763m) refinancing, comprising a new term loan and restructuring of an existing credit facility.
  • Swiss commodities trader Ecom is back in the market for a one year revolver, mandating four banks for the $400m borrowing.
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