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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 $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.
  • The People’s Bank of China (PBoC) has doubled the trading hours of the onshore foreign exchange market, the central bank said on December 23.
  • Narayana Hrudayalaya has continued the stellar run of healthcare-themed IPOs in India with its Rp6.13bn ($92m) listing, which priced on Wednesday at the top of the indicative range.
  • Hong Kong-listed Redco Properties Group has completed a consent solicitation to modify terms and conditions of its outstanding dollar bond in a bid to have more flexibility to pursue business opportunities.
  • The UK government will introduce an exemption on withholding tax on interest on certain private placements from January 1, 2016, a move welcomed by the Loan Market Association.
  • Qihoo 360 Technology is raising a $3.4bn equivalent renminbi loan to back its delisting from the New York Stock Exchange, picking China Merchants Bank to supply the funds.
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