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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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  • Waskita Beton Precast has wrapped up a deal some consider to be this year’s hottest Indonesian IPO, with investors piling in to help it raise Rph5.16tr ($390.61m) near the top of the price range.
  • Hong Kong-listed NagaCorp raised a larger than expected HK$950m ($123m) after boosting the number of shares sold in its overnight equity offering, even though it priced at the bottom of guidance.
  • Investors had ample opportunity to indulge in bank capital credits this week, with United Overseas Bank sealing a $600m additional tier two offering on Wednesday, just a day after DBS’s landmark AT1 dollar note.
  • My beloved wife Tai Tai often complains, quite unreasonably I think, about how under appreciated she feels. But a recent gaffe by an acquaintance of mine had her, for once, thanking her lucky stars that she married me back in the day when bankers actually paid some attention to their better halves.
  • ING Bank has made changes to its businesses in Mongolia and South Korea, appointing a new chief representative for the former and bolstering its presence in the latter.
  • Maybank Kim Eng, the securities arm of the Malaysian lender, has added to its team in the UK with a slew of hires.
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