South Asia

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.

Wipro, an Indian information technology business with global reach, sold its first dollar bond this week. The $750m trade catered to international investors already familiar with the company and its credentials.

Indian company ONGC Videsh has mandated four banks for a $500m fundraising, which is likely to be syndicated next month.

Two Indian companies will be testing investor appetite for their IPOs on Monday next week, as the country continues to battle a recent surge in Covid-19 infections.

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.

Deutsche Bank has hired a new head of global emerging markets business in Pakistan.

Indian company Tata Motors' subsidiary TML Holdings has printed its largest dollar bond so far, raising $425m at a low yield.

Indian government-owned Canara Bank has received the go-ahead from its board of directors to start its 2021-22 fundraising.

In a rare international bond issue from Pakistan, state-owned Water and Power Development Authority has issued the country's first responsible investment-labelled bond. It was also Wapda's debut dollar bond.

The Indian government has raised Rp40bn ($547.4m) from a sell-down of its stake in Axis Bank.

ONGC Videsh (OVL), the overseas business unit of Indian state-owned Oil and Natural Gas Corp, is plotting a new dollar loan to refinance a looming bond maturity.

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.