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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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  • A lender has invoked an export performance bank guarantee (EPBG) that backed a $475m borrowing for India’s Alok Industries, leading to a repayment of the amount to all the banks that participated in the deal.
  • BeiGene is looking to raise $132m from a Nasdaq IPO, with the firm kicking off bookbuilding on Tuesday for what will be the year’s first listing of a Chinese issuer in the US.
  • Postal Savings Bank of China is looking for as many as three sponsors for its jumbo $10bn-$15bn IPO, having called on banks to underwrite the deal, according to market sources.
  • Bank of Communications Hong Kong showed that the year's volatile start is no problem for some issuers, bringing a $500m bond this week, which was driven by Chinese bank money. Bankers lauded the trade as BoCom pulled in a six times covered book without having to pay up.
  • Tata Steel's $1.5bn refinancing has been launched into general syndication after a senior phase that began in early December.
  • China Nonferrous Metal Mining’s inaugural dollar bond resonated well with investors as the combination of a strong government link, a standby letter of credit and juicy yields proved a winning recipe.
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