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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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  • The head of Natixis’ Asia Pacific debt platform Devan Selvanathan is leaving after more than four years at the bank, according to sources close to the move.
  • China Aoyuan Property Group hit the market for a three year dollar bond on Monday in what is only the fourth transaction in the currency this year from the country’s high yield property sector.
  • The Export-Import Bank of China is poised to return to the offshore bond market this week, lining up banks to hold investor calls for a dual-currency, triple-tranche offering.
  • The recently established New Development Bank Brics (NDB Brics) has mandated four Chinese banks and two global banks on its upcoming debut bond outing — an onshore renminbi-denominated green offering. The proceeds will be used to support the supranational’s green projects, several sources close to the deal told GlobalRMB.
  • Nomura has cut up to 30 jobs in its Asia ex-Japan equities unit amid a wider shake up in its overseas operations, with personnel leaving across cash equity, research and equity syndicate.
  • Manulife US Real Estate Investment Trust (Reit) has tentative plans to start pre-marketing its Singapore listing from next week, according to sources close to the deal.
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