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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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  • Indonesian lender Bank Tabungan Pensiunan Nasional, which is backed by Sumitomo Mitsui Banking Corp, is seeking $155m from the syndicated loan market.
  • State-owned Indian Railway Finance Corp (IRFC) is steaming ahead with plans to issue its maiden offshore rupee-denominated bond in late September.
  • Jilin Jiutai Rural Commercial Bank Corp has filed a Hong Kong IPO application via sole sponsor Guotai Junan International.
  • Citi has named Servaas Chorus as its new head of global capital management for Asia Pacific, according to an internal memo seen by GlobalCapital Asia.
  • Australia and New Zealand Bank has appointed Raymond Yeung as chief economist for Greater China, which will see him leading the bank’s research team providing macroeconomic analysis for the region.
  • The International Swaps and Derivatives Association (ISDA) has launched a protocol aimed at helping market participants comply with the variation margin requirements that come into force in March next year.
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