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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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  • State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.
  • Indian Oil Corp, which sent out a request for proposals at the beginning of November for a five year borrowing to refinance a $300m bridge loan from earlier this year, has pushed back the deadline for banks to respond.
  • Paint and coating manufacturer CPM Group is planning to float its shares in Hong Kong, according to a draft prospectus filed with the city’s bourse.
  • The Shanghai Municipal government has sent out a request for proposals to banks and securities houses interested in underwriting the city’s upcoming free trade zone (FTZ) bond.
  • Chinese auto company Loncin Holdings launched a new dim sum bond Monday, the issuer’s first international market transaction, as two other Chinese names issued mandates for their own debuts.
  • Nasdaq-listed Baozun has filed for a follow-on of American Depositary Shares (ADSs) worth some $100m via three bookrunners.
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