Credit Suisse has named Aditya Goenka head of its Asia Pacific financing group India, according to an internal memo and sources.
Liu Chang, an executive director in JP Morgan’s ECM syndicate team, has left the bank, according to people familiar with the situation.
Abhishek Chandgothia, a former director in CTBC Bank, has joined Sumitomo Mitsui Banking Corp.
Credit Suisse’s head of Indonesia investment banking coverage Robby Winarta is leaving to join Carlyle Group as managing director.
Indian jeweller Senco Gold is planning a IPO that could raise Rs5bn–Rs6bn (US$74m–$88m) later this year, people with knowledge of the transaction have said.
Malaysia’s new Finance Minister said the country’s Ministry of Finance had been servicing 1Malaysia Development’s debt obligations since April 2017, and called for a closer look at its debt pile.
(Reuters) State Bank of India projected a recovery over the next two years after a record Rs77.18bn (US$1.13bn) fourth-quarter loss following stricter central bank rules around bad loans.
Ningbo Joyson Electronics has launched a US$1.2bn five-year loan to back its US$1.588bn purchase of Japan’s Takata.
Baby-care products maker Goodbaby International Holdings is seeking a US$250m three-year loan.
BNP Paribas has hired Anshul Gupta in its loan capital markets team, while Flavian Sim has resigned.
Top Stories from this week's IFR Asia magazine
Friday 1600 Hong Kong / Friday 0900 London
Asian high-yield bonds can offer investors some welcome protection from rising US Treasury yields, but buyers will have to be prepared to ride out the storm first.
There is real excitement in Japan around the forthcoming listing of Mercari, an online marketplace for second-hand goods. But is it missing a trick with a sole Tokyo listing?
Dozens more Chinese companies are lining up to sell offshore bonds, adding to the pressure on a market already buckling under the weight of supply.
The planned Shanghai IPO of Foxconn Industrial Internet is emerging as an important template in China’s push to attract more listings from the world’s biggest technology companies.
Two Chinese bitcoin mining equipment makers are set to test equity investors’ faith in the cryptocurrency’s long-term future with plans to raise up to US$1bn each in the world’s largest bitcoin-focused IPOs to date.
The Tokyo listing of second-hand goods marketplace app Mercari is set to offer investors a rare opportunity to buy into a Japanese technology unicorn.
Indonesian power utility Perusahaan Listrik Negara, rated Baa2/BB/BBB, sold two long-dated tranches of US dollar bonds on Tuesday, even though the 10-year Treasury yield hit a seven-year high during bookbuilding.
Mitsubishi UFJ Financial Group will implement a major revamp as it looks to increase earnings from corporate and investment banking overseas by more than a half over the next three years.
Virgin Australia Holdings pushed Australia’s developing high-yield bond market further down the credit curve with the first low Single B rated offering.
Lloyds Banking Group is delaying plans for a Singapore dollar bank capital offering after rising rates made the local market less competitive.
Indian non-banking finance companies (NBFCs) are turning to the retail bond market to manage their funding costs, after a spike in short-term yields and tighter rules for electronic bidding pushed up the cost of institutional placements.
Nagacorp, which owns and operates the only integrated casino and hotel resort in Phnom Penh, has become the first Cambodian issuer of offshore bonds, overcoming a weak Asian high-yield market.
Asian banks and institutional investors ended up with much less of I-Med’s A$690m (US$519m) buyout loan than they expected folowing a strong response for the deal, underlining the growing appetite for high-yielding financings in the region.
Nomura is in the midst of setting up a booking hub for derivatives trades in Singapore, joining a growing cohort of global banks examining alternatives to London for their Asian business.