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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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  • Postal Savings Bank of China is set to kick off investor education for its $8bn IPO after the Hong Kong Stock Exchange approved its plan on Thursday.
  • Falling costs, increasing transparency requirements and the advent of new technological solutions are encouraging traders in key Asian markets to make the switch from voice to electronic FX trading
  • Electricite du Laos Generation Public Company (EDL Gen) has started building books for a $300m bond it is looking to price in Thailand on September 2. The deal is progressing well, attracting interest from a wide array of investors including high net worth individuals.
  • The government of Sri Lanka’s three year borrowing has turned out to be a hit, allowing it to hike the loan to $700m, beyond the $500m it was eyeing after a greenshoe.
  • Local outfit Myanmar Citizens Bank officially floated its shares on the Yangon Stock Exchange on Friday, the third ever listing on the YSX.
  • The Reserve Bank of India is allowing banks to issue offshore rupee-denominated bonds to raise Basel III tier two (T2) and additional tier one (AT1) debt, as part of a series of measures to develop the country’s fixed income and currency markets.
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