ICICI

Sadbhav Infrastructure Project is likely to price its Rp4.9bn ($74m) IPO at the top of its indicative price range, according to bankers on the transaction.

The Reserve Bank of India (RBI) has named two banks as systemically important, which will require the pair to meet more stringent capital requirements from April 2016.

Sadbhav Infrastructure Project is poised to close its Rp4.9bn ($74m) IPO on September 2, safe in the knowledge that more than 40% of the deal has been taken up by anchor investors.

Navkar Corp has opened books on its Rp6bn ($91m) listing in India, with the transaction netting 15 anchor investors who have committed to buy shares at the top of the price range.

ICICI Bank had a fantastic outcome to its first US dollar issuance of the year, raising $500m this week with no new issue concession and even getting the seal of approval from bankers away from the deal.

ICICI Bank is back for more dollars for a new five year bond on August 5, its first outing in 2015.