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Asia

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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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  • China Water Affairs Group has picked one bank to arrange a $100m fundraising, hitting the loan market for the first time in more than a year.
  • Sumitomo Mitsui Banking Corp is looking to price a landmark transaction for Japan, opening books for the first US dollar-denominated green bond from the country.
  • The ability to accurately measure and rate risk is the key obstacle to the development of asset backed securities in China. This is because flawed measurements, produce flawed valuations, which in term infect the macro-economic environment, argues Ann Rutledge, founding principal of Credit Spectrum.
  • Japanese names have stolen the show this week, with Mitsubishi UFJ Trust and Banking (MUTB) raising $1.25bn from a US-driven bond, to be quickly followed by Mitsubishi UFJ Lease & Finance opening books for its second dollar outing of the year.
  • The Socialist Republic of Vietnam is planning to end a one year hiatus from the international bond market, as it awaits approval to issue new notes in November.
  • Faced with an onslaught of new regulations, changing growth prospects in the region, and increasingly diversified service offering by non-banking players, the landscape for corporate treasurers in Asia is as challenging as it gets, according to panellists on the Sibos Corporate Forum.
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