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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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  • Singapore’s Ascendas Real Estate Investment Trust has launched an accelerated bookbuild of new units worth up to S$155m ($114m) to fund acquisitions in Australia and for its local projects.
  • Mizuho Financial Group has appointed Jaj Singh as executive director and head of financials research for Asia ex-Japan, poaching him from Nomura.
  • Indian construction firm Dilip Buildcon has kicked off bookbuilding for its potential Rp6.6bn ($98.9m) listing, as local mattress maker Sheela Foam files a draft prospectus for its own IPO.
  • Indian start-ups are set to receive a boost as the country’s market regulator has proposed a series of changes to improve the process of raising funds on the institutional trading platform (ITP).
  • Joseph Chee will head UBS’s Asia investment banking unit after co-head Saurabh Beniwal leaves at the end of the year, according to sources close to the move.
  • Two Hong Kong issuers hit the dollar debt market on Monday, with CSI Properties launching a new five year bond, while Hong Kong Airlines re-opened its existing notes, driven by reverse enquiry.
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