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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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  • HealthCare Global Enterprises (HGC) has raised Rp6.5bn ($97.5m) after pricing its IPO in India at the top of the range, with foreign investors taking home the bulk of the shares.
  • A pair of Chinese regional lenders, China Zheshang Bank and Bank of Tianjin, have created a stir in the market, pricing the year’s two largest IPOs globally. The firms raised a combined HK$20.4bn ($2.6bn) and pushed Hong Kong’s stock exchange to the top spot for primary market volume so far in 2016.
  • Senior managers at banks are often accused of being humourless and dour. But a good friend of mine has been pleasantly surprised to learn that they aren't always so — at least at his organisation.
  • State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.
  • Deutsche Bank has appointed Jason Cox as co-head of equity capital markets for Asia Pacific, the lender's only external hire in a new management structure for the region.
  • Mercedes-Benz Auto Finance has become the latest international name to make its debut in the China auto ABS market, executing a tightly priced Rmb2.5bn ($385m) trade on Tuesday.
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