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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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In this round-up, China and the US are hammering out a draft of a mini trade deal, the regulators have switched around leaders at state-owned bad debt managers and the new foreign investment law has received praise from foreign investors.
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Changsha Broad Homes Industrial Group has launched the deal roadshow for its Hong Kong listing. It is looking to raise up to HK$1.52bn ($194m).
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UBS Securities, the Swiss bank’s China onshore joint venture securities firm, has named Eugene Qian as chairman, succeeding Di He who is stepping down after two decades at the bank, according to an internal memo seen by GlobalCapital Asia's sister publication GlobalRMB.
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CNI Capital, a wholly-owned subsidiary of state-owned China National Nuclear Corp, sold a Rmb1bn ($141m) three year dim sum bond on Thursday. The pricing of the unrated offshore renminbi deal was tighter than expected, said bankers.
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Lenders have until Friday to respond to an amendment and extension of Tsinghua Unigroup’s two old borrowings from 2017. The banks were given just two weeks to respond.
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Shanghai Pudong Development Bank Co priced a $300m floating rate note (FRN) at just a marginal premium over the curve of the big four Chinese lenders.
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