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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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Major banks and their counterparties in Canada, Japan and the US entered a last gasp drive this week to comply with new margin rules on uncleared derivative trades ahead of Thursday’s deadline. But while most of the market looked to have averted disaster on the day, one of the key regulatory officials behind the rules had harsh words for the way in which they had been imposed. -
Two Indian companies are vying for the UK and Ireland assets of Israeli firm Teva Pharmaceutical Industries and have lined up loan packages to back their bids. Although the results are still some way off, credit starved bankers are excited about the prospects of financing a sizeable acquisition out of India, writes Shruti Chaturvedi.
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Malaysian sovereign wealth fund Khazanah Nasional threw open Asia’s equity-linked market this week, issuing a $398.8m exchangeable sukuk to much fanfare. The deal has revived Khazanah’s presence in the market and comes two years after it struggled to pull off a similar transaction. Jonathan Breen reports.
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Singapore is pushing ahead with plans for a dual class share structure, giving it an edge over Hong Kong for the next big technology IPO. But markets watchers warn that progress will take time.
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The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of a SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than that, in spite of the relatively narrow investor base. Paolo Danese and Rev Hui report.
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First-timer Far East Consortium International found markets plane sailing on Wednesday, managing to raise $300m thanks to no other high yield names distracting investors.
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