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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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  • Hospitality business Genting Hong Kong, which operates cruise liners, has signed a $500m borrowing to refinance debt taken for funding six vessels.
  • South Korea’s Busan Bank is looking to tie up its first Basel III compliant transaction in the offshore bond market, opening books on Monday for a dollar tier two capped at $250m.
  • India’s Glenmark Pharmaceuticals is looking to make its first foray into the offshore bond market, hiring banks to organise a roadshow this week.
  • The Singapore Exchange (SGX) reopened for trading on Friday after a hardware glitch forced it to shut down for half of Thursday, in what was the longest trading disruption ever experienced by the bourse.
  • Patrick No has taken up a new role at Credit Suisse as head of financial sponsors coverage in the investment banking and capital markets (IBCM) division for Asia Pacific.
  • The Bombay Stock Exchange has set up an escrow account for shareholders to tender their shares for sale in the exchange’s upcoming offer-for-sale, which will ultimately be part of its IPO, according to a document on the bourse’s website.
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