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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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  • South Korea’s Woori Bank has sent out a request for proposals for an offshore bond, with plans to pick five or six banks to lead the transaction.
  • Tata Motors is looking to refinance an outstanding $600m loan, marking the fourth time a Tata Group company is tapping the syndicated market this year.
  • China’s economic slowdown and the collapse of commodity prices have taken their toll on Latin America, which is now moving towards negative growth this year, according to the IMF and the World Bank.
  • In order to calm the anxiety of foreign currency traders and hopefully reverse prevailing market expectations, China’s President Xi Jinping reiterated during his state visit to the US last month that there was no basis for long run depreciation of the yuan.
  • The Trans-Pacific Partnership (TPP), the two day old 12-country trading bloc, could soon include the Philippines, which set out plans to join, while the move looks set to push the Mercosur countries to strengthen their trade links
  • China Construction Bank (CCB)’s plans to sell its first offshore renminbi bond in the UK by its head office next week also marks the first CNH bond to be approved under the new pre-issuance registration system set by the National Development and Reform Commission (NDRC) last month.
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