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  • Indian financial technology start-up Paytm has won in-principle approval from its board of directors for an IPO that is expected to raise around $3bn, according to a source familiar with the matter.
  • Three issuers are planning to sell renminbi-denominated Panda bonds this week, bringing up to Rmb7.5bn ($1.17bn) of supply to China’s onshore market.
  • UP Fintech Holding has launched a follow-on offering of new American depositary shares (ADS) worth around $173.5m.
  • Deutsche Bank has hired a new head of global emerging markets business in Pakistan.
  • Casino operator SJM Holdings is planning a return to the loan market, as it looks to ride on the successes of two well-received bond deals this year.
  • Cambodian company NagaCorp navigated the difficulties posed by the closure of its casino to raise $200m on Monday, tackling investor questions and concerns while building up its cash reserves.