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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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  • HDFC Standard Life Insurance Co (HDFC Life) could become the first insurance company in India to go public after its board of directors approved plans for its IPO.
  • The Export-Import Bank of China (Chexim) attracted high quality non-Chinese bidders for its dual currency, triple tranche offering this week. The response shows that demand remains high for mainland credits despite concerns about the country’s growth.
  • India's Rural Electrification Corp (REC) has sent out invitations for a $120m three year facility via one mandated lead arranger and bookrunner.
  • China’s National Association of Financial Market Institutional Investors (Nafmii) has published a trial disclosure framework for non-performing loan securitization, paving the way for the first batch of deals to come later this year.
  • Jacobson Pharma Corp, maker of the Po Chai pills used to treat indigestion and prevent hangovers, is seeking a $200m IPO in Hong Kong via sole sponsor BoC International.
  • Veteran banker Ali Abbas Alam, co-head of the emerging markets financing group for Asia at Credit Suisse, is due to leave the lender after a 16 year spell.
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