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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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Banks in Asia finished 2015 with revenues of $11.4bn, down 2% on the previous year, with equity capital markets the only saving grace, as billings shrank in debt capital markets, loans and mergers and acquisitions.
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China has taken its first step towards fulfilling its environmental ambitions, unveiling guidelines for issuing green bonds in its interbank bond market.
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Three months after South Korea became fully double-A rated for the first time, the sovereign received another boost when Moody’s hiked its rating by one notch to Aa2 in December.
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Korea Development Bank (KDB) snagged tight pricing for its $1.5bn dual-tranche bond, completing one of the first deals of the year in Asia. Some accounts stayed away citing expensive pricing and geopolitical concerns, but investors still thronged to the credit, viewing it as a defensive play amid high volatility.
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Barclays is preparing to let go of investment banking staff in Asia as the UK lender continues to wind down its presence in non-core markets.
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Two senior bankers from Royal Bank of Scotland’s defunct Asian loans division have moved to Banco Santander.
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