AXIS bank

The first round of transfers has been completed for a $295m borrowing for UAE based healthcare provider Aster DM, according to sources.

India's sale of stock in energy company NTPC was meant to be the largest on record this week, worth as much as Rp138.5bn ($2.2bn). But the deal missed the mark after a muted response from retail investors.

The Indian government is off to a strong start with its biggest sell down in power producer NTPC, with the institutional portion of the Rp138.5bn ($2.2bn) trade nearly covered just half a day into bookbuilding.

Reliance Nippon Life Asset Management has filed for a potential Rp20bn ($311.8m) IPO in India, offering both new and existing shares.

Barbeque-Nation Hospitality has submitted a listing application to the regulator in India for a $100m-plus IPO through four bookrunners.

India’s Quess Corp is eyeing up to Rp11.8bn ($184.4m) from an equity raise targeting institutional investors, taking advantage of a share price that has almost tripled since its IPO last year.

India's Vedanta Resources is talking to banks about a $300m borrowing for its mining operations in South Africa, setting the wheels in motion for its third international loan of the year.

Canara Bank priced a $400m five year senior bond on Thursday, marking the second dollar deal from an Indian bank in a week.

A pair of Indian IPOs that launched earlier this week showed investor appetite for new share sales is far from waning.

Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday.

Axis Bank became the first Indian financial institution to offer a bond to US investors this year, sealing $500m on Tuesday and leveraging its rarity value to price inside its existing curve.

India’s Axis Bank is in the market with a five year dollar bullet through its Dubai International Finance Centre branch, wooing the buy-side a year after its debut green bond.