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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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  • Industrial Bank of Korea is looking to offload its entire stake in local hypermarket chain E-Mart to raise up to W195.9bn ($172.1m).
  • HSBC has made some high profile appointments to its commercial banking teams in Hong Kong and Mainland China, according to an announcement on Thursday.
  • The world of banking can be rather funny, as my friend recently found out when faced with an unusual situation. After months of fruitless efforts, he finally had a big loan on his hands but had no way to show it off without coming off as insensitive.
  • Investors ate up China Jinmao Holdings Group’s new five year notes this week, allowing it to secure tight pricing for a four-times subscribed $500m deal.
  • The Singapore dollar bank capital market welcomed Commerzbank’s inaugural Basel III tier two bond this week, allowing it to price through fair value.
  • ONGC Videsh (OVL), the overseas investment arm of Indian state-owned oil company ONGC, is tapping the loan market for longer dated debt to replace a bridge raised by one of its subsidiaries.
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