AXIS bank
-
-
The Indian bank kicks off deal despite a shareholder spat
-
Indian insurer, backed by heavy hitters like Fairfax and Sequoia, readies IPO
-
-
The Mumbai-focused real estate company gears up for its listing debut
-
State-backed fertiliser manufacturer wraps up public offer oversubscribed
-
-
Government shrinks deal size as demand wanes
-
Life insurance firm chops deal size amid investor concerns
-
-
Banker has relocated from Mumbai to Dubai to work in the Middle Eastern lender’s syndication team
-
-
-
-
State-owned insurer aims for record IPO as investors switch to defensive stocks
-
Manyavar brand owner plans all-secondary share IPO
-
-
-
Insurer hits Indian ECM with rare private sector deal
-
-
Investors struggle with Indian deal's size and 'rich' valuation
-
Cloud communication platform focuses on long-only investor demand
-
Issuer targets India's largest private sector listing in over a decade
-
SJS Enterprises, Fino Payments Bank wrap up bookbuilding
-
-
Fintech firms Policybazaar and Fino Payments seek listing
-
Technology companies line up listings, in what is set to be a bumper year for the country’s ECM
-
-
Indian issuers seek listing approval
-
Promoters trim holdings in Indian asset manager
-
The new, tightly priced, refinancing deal comes soon after the Indian company sealed a $500m loan
-
India’s third largest private sector lender Axis Bank goes offshore for a landmark additional tier one (AT1) deal that lays the foundation for the country’s sustainable bond market
-
The Indian renewable energy company issues a bond at holding company level, but compensates investors for the additional risk
-
LIC picks banks for Rp1tr ($13.7bn) IPO, which is set to test the Indian market's ability to support big deals
-
LIC mandates 10 banks to the syndicate team of its planned listing
-
Indian insurance giant readies record listing, but pushes back the pitching process by a few days
-
State-owned Indian firm nets Rp25bn ($337.1m) from its first equity issue of the year
-
India's equity capital markets continue to bring out new deals, with a handful more now in the works.
-
India's IPO market is seeing a burst of supply, fuelled by listings of technology companies and benefitting from concerns around China's regulatory environment.
-
Cement producer Nuvoco Vistas Corp is aiming to raise Rp50.9bn ($686.2m) from its listing of primary and secondary shares in India.
-
Adani Ports and Special Economic Zone locked up a $750m dual-tranche bond on Monday. But the deal was not easy for the Indian borrower, as negative headlines at home and a volatile Asian market kept many investors away. Morgan Davis reports.
-
CarTrade Tech was approved by market regulator Securities and Exchange Board of India on Monday to proceed with its listing.
-
Star Health and Allied Insurance filed a draft IPO prospectus with India’s securities regulator this week, become a rare private sector insurer to head for a listing.
-
Adani Electricity Mumbai used a sustainability-linked bond to raise $300m, as the energy company transitions to more renewable power.
-
India’s Ministry of Steel has kicked off a two-day sale of its shares in National Mineral Development Corp, eyeing at least Rp19.3bn ($260m) in proceeds.
-
ONGC Videsh, the overseas subsidiary of Indian state-owned Oil and Natural Gas Corp, has launched a $500m loan into general syndication. It is targeting a broad group of lenders for the fundraising, owing to lending caps imposed on banks.
-
General Atlantic-owned Indian healthcare group Krishna Institute of Medical Sciences (Kims) has raised around Rp21.4bn ($288m) from a nearly four times subscribed IPO.
-
Indian company ONGC Videsh has mandated four banks for a $500m fundraising, which is likely to be syndicated next month.
-
The Indian government has raised Rp40bn ($547.4m) from a sell-down of its stake in Axis Bank.
-
Punjab National Bank has raised Rp18bn ($246.1m) after issuing a block of new shares. The deal drew strong demand from a handful of foreign and domestic financial institutions.
-
Cement company Nuvoco Vistas Corp is planning a Rp50bn ($681.5m) listing, having filed draft IPO documents with the Indian regulator.
-
PowerGrid Infrastructure Investment Trust has wrapped up its Rp77.3bn ($1.05bn) IPO, giving a boost to the still nascent asset class in India.
-
PowerGrid Infrastructure Investment Trust kicked off India’s third InvIT IPO on Thursday, aiming to raise up to Rp77.3bn ($1.03bn) in proceeds.
-
PowerGrid Infrastructure Investment Trust has fixed the price band for its Rp77.3bn ($1.03bn) IPO, which is set to open later this week.
-
Airtel Africa, the UK telecommunication company providing services across Africa, has raised $500m from a range of international lenders. It becomes one of the latest Africa-based issuers to inject activity into the syndicated loan market.
-
Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing.
-
Indian auto components maker Craftsman Automation opened bookbuilding for its Rp8.2bn ($113.3m) IPO on Monday.
-
Macrotech Developers, an Indian real estate company that was called Lodha Developers until mid-2019, has revived plans for a listing under its new name, three years after its last attempt at an IPO.
-
Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.
-
PNB Housing Finance has expanded its funding avenues for a planned deal of up to Rp1.8bn ($246.6m) to include a qualified institutional placement.
-
Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.
-
Apollo Hospitals Enterprise has raised around Rp11.7bn ($160m) from a qualified institutional placement, drawing a swell of demand that pushed pricing above the floor.
-
ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has decided to cancel general syndication for its $700m loan after the bookrunners found enough liquidity during a senior stage.
-
Embassy Office Parks Real Estate Investment Trust has has raised Rp36.84bn ($500.9m) from an issue of new stock, according to a source close to the deal.
-
Indian data analytics firm Mu Sigma has closed its $95m refinancing loan after receiving commitments from three more banks during syndication.
-
Indian public sector lender Canara Bank has raised Rp20bn ($271.8m) from the sale of a chunk of primary shares, according to a banker close to the deal.
-
India’s Emcure Pharmaceuticals has returned to the loan market after four years, seeking a small amount of $34m.
-
ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has picked six banks for a $700m borrowing.
-
Brookfield Asset Management is readying the IPO of its Indian real estate investment trust, which could raise up to Rp38bn ($519m) in primary proceeds.
-
Mahindra and Mahindra Financial Services has raised Rp30.9bn ($412.4m) after wrapping up an oversubscribed rights issue.
-
India's placements market is heating up, with new issuers set to raise fresh equity.
-
ICICI Bank has closed its up to Rp150bn ($2bn) qualified institutional placement, according to a source close to the deal.
-
Investors threw their weight behind Housing Development Finance Corp's Rp140bn ($1.87bn) fundraising this week.
-
Indian private sector lender Axis Bank is set to price a qualified institutional placement worth up to Rp100bn ($1.34bn).
-
Shriram Transport Finance Co has scooped up Rp14.9bn ($199m) from a rights issue in India.
-
Two Indian companies have struggled to find demand in syndication for deals that were priced before Covid-19 shut down the country. But bankers are optimistic about the fate of India’s offshore loans market — as long as borrowers accept a rise in funding costs. Pan Yue reports.
-
Mindspace Business Parks Real Estate Investment Trust wrapped up its Rp45bn ($601.3m) this week, treating India to its second listing in the asset class.
-
Blackstone-backed Mindspace Business Parks Real Estate Investment Trust has kicked off a Rp45bn ($601.2m) listing in India.
-
Indian private sector lender Axis Bank has lined up four European banks for an equity sale that could raise up to Rp150bn ($2bn), according to a source close to the deal.
-
Mindspace Business Parks Real Estate Investment Trust has finalised the price guidance for its up to Rp45bn ($603.9m) IPO in India, set to be launched next week.
-
India’s Yes Bank ended its Rp150.2bn ($2bn) share sale without enough demand to cover the deal, after a low turnout from individual investors.
-
Mindspace Business Parks Real Estate Investment Trust is ready to take India's nascent Reit market further with the country's second listing from the asset class.
-
Banks are leading a revival in ECM business in India, with Yes Bank gunning for $2bn this week. There are also signs of activity in the country’s moribund IPO market, writes Jonathan Breen.
-
Troubled lender Yes Bank has hit the market with an issue of fresh equity, with the deal covered at the open by pre-launch demand, according to bankers close to the trade.
-
A slew of Indian banks are turning to additional tier one and tier two instruments to raise their capital levels. But an expensive international debt market means the majority of the issuance is likely to take place onshore in rupees.
-
A handful of Indian financial institutions have become the latest fallen angels, as pressure on the country’s economy and firms’ asset quality rises.
-
India’s Mu Sigma, a data analytics firm, has kicked off an up to $100m loan in general syndication, after receiving commitments from three banks ahead of launch.
-
Reliance Industries raised Rp531.2bn ($7.04bn) this week from India’s largest ever rights issue and the company’s first primary equity offering for over 25 years.
-
India’s Mu Sigma, a data analytics firm, has returned to the loan market for an up to $100m deal to refinance its debt.
-
India’s market regulator has approved Esaf Small Finance Bank to launch its IPO of about Rp9.8bn ($128.3m).
-
A handful of Indian listings that had been expected by the end of March have been pushed back after a traumatic week for domestic and global markets.
-
SBI Cards and Payments Services has priced its Rp103.4bn ($1.4bn) IPO at the top of the range and was allocating the stock to investors on Wednesday.
-
India’s Tata Steel and Birla Carbon have decided not to syndicate their chunky loans, amid reluctance from the bookrunners to sell down their positions in a slowing market for deals.
-
TVS Supply Chain Solutions, a subsidiary of Indian industrial conglomerate TVS Group, has mandated three banks for a $185m loan that will be syndicated to a small set of banks.
-
SBI Cards and Payment Services was riding high on Thursday after a rush of institutional investor demand pushed its billion-dollar IPO through a coronavirus-driven slump in local and global markets this week. Jonathan Breen reports.
-
India’s market regulator has given Equitas Small Finance Bank (ESF) the go-ahead for its IPO, which is expected to raise about Rp10bn ($136.3m).
-
SBI Cards and Payments Services has kicked off its up to Rp103.4bn ($1.4bn) IPO, with over one quarter of the deal subscribed by anchor investors.
-
SBI Cards and Payments Services, a State Bank of India subsidiary, set the final price range for its IPO, putting proceeds of up to Rp103.5bn ($1.44bn) in reach for when it launches the deal next week.
-
India's market regulator has given Rossari Biotech the nod for an IPO that is expected to raise about Rp7bn ($98m).
-
SBI Cards and Payments Services has finalised the price range for its IPO, which is set to be worth up to Rp103.5bn ($1.44bn) when it is launched next week.
-
Avenue Supermarts’ founder Radhakishan Damani and members of his family offloaded a portion of their shares in the company this week, raising more than Rp34.3bn ($478.1m). The deal came just days after the company issued a chunk of primary stock.
-
India’s equity capital markets have had a strong start to the year, pumping out a steady flow of large IPOs and secondary share offerings on the back of a big uptick in foreign investment. The country’s ECM pipeline is offering banks relief amid a slowdown in Hong Kong. Jonathan Breen reports.
-
Barbeque-Nation Hospitality is planning an IPO of up to Rp12bn ($167.8m). It has revived its listing plans two years after first announcing the transaction.
-
SBI Cards and Payment Services is preparing to launch its IPO of up to Rp95bn ($1.3bn) in the first week of March after getting the go ahead from the market regulator, according to a source close to the deal.
-
Avenue Supermarts' founder Radhakishan Damani and his family members are looking to raise Rp30.3bn ($424.7m) from a secondary share sale, following an issue of new stock by the company last week.
-
India’s Avenue Supermarts has raised Rp40.98bn ($575.2m) after sealing its qualified institutional placement above the floor price.
-
Indian Railway Finance Corp courted investors for a 10 year bond on Thursday, only to add a 30 year tranche to the transaction later in the day following reverse enquiry.
-
Avenue Supermarts, which runs Indian supermarket chain DMart, has launched a qualified institutional placement worth about Rp40bn ($561.3m).
-
Indian companies Birla Carbon and Tata Steel have mandated banks for loans and both borrowers have signed up large groups of lenders at the top level.
-
Axis sells full Syndicate Bank loan — Onfem boosts size to HK$6bn — Indorent closes $175m borrowing with 13 banks — VPBank wraps up $200m facility — Vingroup attracts 14 lenders
-
India’s Syndicate Bank has closed its $100m borrowing, with the lead bank selling the entire amount to three participants.
-
Home First Finance Co India, a home loan provider, is planning an IPO of up to Rp15bn ($209.1m), according to a draft prospectus filed with the country’s securities regulator.
-
SBI Cards and Payment Services filed listing documents with India’s regulator this week for an IPO of up to Rp95bn ($1.33bn). The deal is on track to be the largest listing the country has seen for more than two years, writes Jonathan Breen.
-
State Bank of India is looking to raise about Rp80bn ($1.1bn) by selling a minority stake in SBI Cards’ planned jumbo IPO, according to a banker on the mandate.
-
India's Vedanta, Syndicate Bank make loan comeback — Shanghai Sinnoil defaults on $400m loan — Fullerton allocates $250m among 17 banks — Lesso closes $1.1bn refi — Indorent holds non-deal roadshows
-
Vedanta Resources has made a quick loan comeback for a $500m borrowing.
-
Axis Bank is looking to raise Rp100bn ($1.4bn) from a primary share sale to boost its capital adequacy ratio, according to sources close to the deal.
-
Indian microloan provider Spandana Sphoorty Financial kicked off a two-day bookbuilding for its up to Rp12.01bn ($169.9m) IPO on Monday morning.
-
Investor orders surged for Polycab India’s $194m IPO this week, allowing the transaction to close with an order book nearly 52 times subscribed.
-
Energy generator NTPC became the latest of a recent slew of Indian issuers to fund in the dollar bond market, with more deals underway.
-
Kerala Infrastructure Investment Fund Board made its debut in the offshore rupee market on Tuesday, raising Rp21.5bn ($311.7m).
-
Indian Railway Finance Corp (IRFC) pushed into the dollar market on Monday to close a bond trade ahead of the end of the financial year. The issuer managed to grab $500m from the five year sale, despite a weaker market.
-
India’s Housing Development Finance Corp (HDFC) sold a privately placed offshore rupee bond this week, giving an inkling of hope to what has been a lacklustre market.
-
The government of Kerala is poised to sell its debut offshore rupee bond after a non-deal roadshow this month, in what could be the first Masala issuance since April.
-
Jaguar Land Rover, owned by India’s Tata Motors, has returned for a $1bn loan, just months after closing a smaller £640m ($839m) dual-tranche facility.
-
India’s JSW Steel has launched a $140m dual-tranche loan into general syndication, with the funds to go towards its acquisition of US-based steel plant Acero Junction Holdings.
-
AGS Transact Technologies has revived its plans for a Rp10bn ($143.3m) IPO in India, according to a draft prospectus filed on Monday.
-
Birla Carbon has closed a $1.2bn multi-tranche loan after attracting six participants during senior syndication, according to a banker close to the situation.
-
Non-bank lender Hinduja Leyland Finance is making a second attempt at listing in India, some two years after it first filed a draft prospectus.
-
State Bank of India has launched a new $750m three year borrowing into general syndication, about two months after mandating banks to run the transaction.
-
Birla Carbon, part of Indian conglomerate Aditya Birla Group, is targeting its relationship banks for the senior syndication of a $1.2bn borrowing.
-
IndInfravit Trust lifted the gloom in India’s infrastructure investment trust market this week after its Rp32.3bn ($484m) private placement, a first for the asset class, drew in Allianz Capital Partners and Canada Pension Plan Investment Board.
-
A group of 23 banks opened syndication for Tata Steel’s $1.86bn dual-currency facility on Monday, but only after the deal went through numerous changes on its way to the market.
-
Crystal Crop Protection has filed for a Rp10bn ($150m) flotation in India that will raise both primary and secondary equity.
-
India’s ICICI Securities covered nearly a third of its Rp40.2bn ($617.1m) IPO on the first day of bookbuilding, after the deal was launched with strong support from anchor investors.
-
Bandhan Bank is set to price its Rp44.7bn ($685.7m) IPO in India at the top of the indicative range following a blowout response, making it the country’s largest float on record by a bank.
-
India’s NTPC sold its first dollar bond in two years on Monday, but the market backdrop forced the usually popular issuer to pay up.
-
Tata Sons is poised to end a decade-long absence from the syndicated loan market when it launches a $1.5bn transaction later this month.
-
State Bank of India’s latest $750m loan is set to move into the retail phase within the next couple of weeks, according to bankers.
-
India's Tata Steel, which mandated a group of 21 lenders in January for a new loan, has shrunk the size of the fundraising following a blowout bond issuance.
-
Bank Sohar, the Omani bank, is expected to sign an oversubscribed three year loan for $300m by the end of February. Demand for the facility has been high from international banks despite the country’s rising budget deficit.
-
Aster DM Healthcare has brought in eight investors including Caisse de dépôt et placement du Québec and First State Investments to anchor its Rp9.8bn ($152.7m) IPO in India.
-
Aster DM Healthcare is finally set to launch its Rp9.8bn ($152.7m) IPO, having once again scaled back the deal size and changed the syndicate.
-
Aster DM Healthcare is set to launch its Rp9.8bn ($152.7m) IPO in India next week, after only its latest attempt to scale back the deal size and change the syndicate group.
-
Indian lender IndusInd Bank has sent invitations for a $500m borrowing, its largest from the overseas syndicated loan market.
-
Oman’s Bank Sohar has enlisted three lenders to arrange a $300m new money borrowing.
-
Anmol Industries has hired three banks to lead its flotation in India this year, which could raise around Rp10bn ($156m).
-
India's Tata Steel has lined up a group of 21 lenders for an up to $2.16bn six year loan, which will be launched into primary syndication in a couple of weeks, said bankers close to the deal.
-
Tata Steel has mandated a clutch of firms to underwrite its Rp128bn ($2bn) rights offering, part of a wider fundraising by the group across the capital markets.
-
The Indian IPO market has started the new year with a flourish, with the FIG sector looking especially busy as Bandhan Bank and ICICI Securities kicked off investor meetings.
-
India’s Bandhan Bank is set to start pre-marketing its $700m IPO this month, according to bankers arranging the deal.
-
HDFC Standard Life Insurance Co got off to a flying start with its Rp86.9bn ($1.3bn) IPO in India, as books opened on Tuesday following a hugely successful anchor investor process.
-
New India Assurance Co (NIA) and Mahindra Logistics will both price their IPOs at the top end of guidance, pocketing a combined Rp104.3bn ($1.6bn) from equity investors.
-
Two Indian IPOs opened this week to a rousing reception from investors, with both transactions covered soon after they kicked off.
-
India’s Mahindra Logistics attracted 15 anchor investors before opening the order book for its Rp8.3bn ($128.1m) IPO on Tuesday.
-
HDFC Standard Life Insurance Co has announced a price range for its IPO, which could raise up to Rp86.9bn ($1.3bn) for its two biggest shareholders.
-
A $500m borrowing by Indian lender HDFC Bank has attracted four participants during general syndication. Allocations have emerged for the deal, which was signed in September.
-
India’s Piramal Enterprises is in the market with an unusual sale of mandatory convertible bonds through a qualified institutional placement, part of a fundraising drive to that could fetch up to Rp70bn ($1.1bn).
-
Canara Bank raised an additional $200m after tapping an outstanding bond on Wednesday, bringing the total size of its August 2022 note to $600m.
-
India’s Canara Bank opened a tap on its existing 2022s on Wednesday, looking to add to the $400m deal.
-
The final allocations are out for a $295m multi-tranche facility for Aster DM Healthcare. The loan, which contains tranches with tenors of up to 10 years, attracted a mix of Middle Eastern and Indian banks.
-
Reliance Industries’ telecommunication arm Reliance Jio Infocomm is in talks with banks to refinance a two-tranche loan raised in late 2014.
-
Nearly three months without Masala bond issuance has left investors hungry. But Indian Renewable Energy Development Agency gave investors something healthy to chew on this week — using the structure to sell a Rp19.5bn ($297m) green bond.
-
The head of credit for Axis Bank in Hong Kong has resigned and will be joining financial services firm Cantor Fitzgerald in October, sources told GlobalCapital Asia.
-
CMS Info Systems plans to raise about Rp12bn ($184m) from its India IPO and could open books before the end of the year, said bankers on the deal.
-
Indian Renewable Energy Development Agency (Ireda) launched its long anticipated green Masala bond on Thursday, just days after the country’s regulators re-opened the tap for offshore rupee issuance.
-
Dubai healthcare group Aster DM Healthcare has signed a $295m facility with nine banks, despite concerns that its operations in Qatar would complicate syndication of the debt.
-
ICICI Lombard General Insurance Co closed books for its IPO on Tuesday, with the Rp57bn ($886.4m) trade more than 250% subscribed.
-
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.
-
State Bank of India’s new $750m five year financing has been launched into syndication after a 10-strong bookrunner group funded the transaction.
-
The Mumbai branch of HDFC Bank is looking to bag $500m from a syndicated borrowing that was launched at the end of July.
-
Cairn India Holdings has signed new lenders into a $651m loan that had been in general syndication since late May.
-
Securities and Intelligence Services plans to raise Rp7.8bn ($121m) from its IPO in India, with bookbuilding expected to kick off next Monday.
-
SBI Life Insurance Co has filed a preliminary prospectus for its $900m IPO, which will see its two biggest shareholders sell down their stakes.
-
Footwear maker Khadim India has filed for a listing in the country via two bookrunners, with books expected to open as early as September.
-
The Indian Renewable Energy Development Agency (Ireda) has been forced to hold off on its plans to sell a green Masala bond due to new regulatory approval requirements.
-
GarantiBank International (GBI), a Dutch subsidiary of Turkiye Garanti Bankasi, has signed a $250m loan that was oversubscribed by 19 banks, according to a banker on the deal.
-
Eris Lifesciences has signed up 37 investors as anchors for its Rp17.4bn ($269.5m) IPO in India, setting the stage for its listing with a strong launch message.
-
Tejas Networks launched its Rp7.8bn ($120.8m) India IPO on Wednesday with Abu Dhabi Investment Authority as the largest anchor investor.
-
Bombay Stock Exchange-backed Central Depository Services India (CDSL) is set to bring the country’s first IPO of a securities depository, with its Rp5.2bn ($81.4m) deal launching next week.
-
Piramal Enterprises has mandated Citi, Kotak Mahindra Capital and Morgan Stanley to help it raise Rp50bn ($778m) via a qualified institutional placement, sources said.
-
State Bank of India, which wrapped up a $500m syndication with 21 lenders this week, is already eyeing a new borrowing of about the same size, said bankers.
-
India’s cabinet has approved the IPO of Indian Renewable Energy Development Agency (Ireda), the chief financier of the country’s renewable energy ambitions.
-
A $500m three year borrowing for State Bank of India has been allotted among 21 lenders, eight of which joined during general syndication.
-
A $651m loan for Cairn India Holdings was launched into general syndication on Monday, with the deal divided into four portions based on the different purposes of the fundraising.
-
India’s third largest private bank Axis Bank has sent out a request for proposal for a $295m syndicated loan for Dubai’s hospital group Aster DM Healthcare.
-
Indian hospital operator Shalby filed a draft red herring prospectus last Friday for a possible Rp7bn ($108m) IPO via three bookrunners.
-
State Bank of India has roped in eight firms to manage the up to $900m IPO of its insurance arm, according to bankers.
-
National Highways Authority of India grabbed a Rp30bn ($465.88m) five year Masala bond on Thursday, despite the offshore rupee market not getting the enthusiasm that issuers want.
-
State Bank of India is looking for up to six firms to lead a qualified institutional placement or follow-on public offer, issuing a request for proposals on Tuesday.
-
National Highways Authority of India served up its debut Masala deal on Thursday morning, offering investors a second offshore rupee option in under a month.
-
The head of credit for Axis Bank in Hong Kong has been promoted, with the scope of his role widening following the bump up.
-
A $651m facility for Vedanta Group will be split into two tranches, one for overseas lenders and the other helmed by Indian banks, according to a banker close to the deal.
-
India’s most popular matchmaking website Matrimony.com has refiled for an IPO with a new syndicate team and a smaller fundraising target.
-
Bookbuilding for IRB InvIT Fund’s Rp46.5bn ($727.4m) IPO is having a slow start despite the hype surrounding India’s first infrastructure investment trust.
-
Indian power company NTPC sold its second Masala bond on Tuesday, hitting the market a day after the National Highways Authority of India (NHAI) kicked off a roadshow for its debut. With more state-owned companies expected to jump on the Masala bandwagon, the government’s efforts at boosting the market appear to be paying off, writes Morgan Davis.
-
India’s NTPC sealed a Rp20bn ($311m) five year Masala bond on Tuesday, as the country continues its struggle to develop the offshore rupee market.
-
S Chand and Co has started bookbuilding for its Rp7.3bn ($112.8m) float in India after anchor investors took up 30% of the deal at the top of the marketing range.
-
The top lending group for a dual-tranche borrowing by Vedanta Group has shrunk after one bank dropped out of the syndicate to tie up its portion of the financing bilaterally.
-
Indian lender Axis Bank has promoted its international loan syndications head to lead the operation globally, according to sources.
-
SBI Life Insurance Co is asking banks to pitch for a role in its India IPO, issuing a request for proposals on Monday.
-
India’s NTPC opened books for a new offshore rupee offering on Tuesday, the second Masala transaction to hit the market this year.
-
National Highways Authority of India is preparing investors for a new Masala transaction, the issuer’s first in the offshore rupee market.
-
S Chand and Co is set to raise Rp7.3bn ($112.8m) from its listing in India, with books scheduled to open on Wednesday.
-
Invitations are out for a $500m three year borrowing for State Bank of India, which has lined up 13 lenders to lead the deal with the money funded in March.