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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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  • Chinese e-commerce platform Pinduoduo has opened books for a convertible bond backed by its American Depository Shares, in what has become an increasingly popular corner of the equity-linked market.
  • Ronshine China Holdings, a Hong Kong-listed company, has teamed up with a syndicate of banks for a HK$815.5m ($104m) three year loan.
  • Kaspi.kz, the largest payments company in Kazakhstan, announced on Monday that it would proceed with an IPO on the London stock exchange after filing a registration document last week.
  • The Black Sea Trade and Development Bank is set to spark a flurry of regional bank issuance in the Azerbaijani debt markets, as it plans to tap manat investors. Meanwhile, more of Azerbaijan's borrowers are looking in the opposite direction, as they seek to diversify their funding outside of the domestic market.
  • Thailand’s S Hotels and Resorts has begun meeting investors ahead of its planned IPO, which is set to raise around $200m.
  • The People’s Bank of China and the Ministry of Finance are both planning returns to the offshore renminbi debt market this week.
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