State Bank of India SBI
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The Indian government sold a 3.18% stake in Coal India on Thursday, adding Rp52.7bn ($722.9m) to its coffers. -
Wire and cable manufacturer Polycab India is planning an IPO of new and existing stock, as backer International Finance Corp looks to cash in part of its stake.
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The Indian government has hit the market with a mammoth block sale of up to Rp148.6bn ($2bn) in Coal India, as the state looks to add some much-needed weight to its 2018/19 divestment target.
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State Bank of India has mandated seven banks for a $500m offshore borrowing, returning to the market just two months after closing its last facility.
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State Bank of India is planning to tap the equity and bond markets for Rp250bn ($3.4bn) in funds during the financial year ending March 31, 2019.
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State Bank of India sold its debut green dollar bond through its London branch on Wednesday, reopening the market for the country’s issuers. But despite being a strong credit, the bank didn’t have an easy time marketing its notes against a volatile backdrop, as sceptical investors demanded a premium for emerging market risk. Morgan Davis reports.
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India’s Yes Bank has closed a $400m borrowing, attracting four participants during syndication.
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India’s Power Finance Corp raised $300m from a 10 year bullet bond on Thursday. While the issuer was able to pull off a tight price for its second issuance in less than a year, many investors were unconvinced about the credit's worth.
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Veteran loans banker joins rival — HSBC names new India CEO — SBI Caps pulls out of debt syndication
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India's SBI Capital Markets will no longer provide debt syndication or resolution services for private sector companies.
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Asian bond issuers are ready to continue the success they enjoyed last week, unveiling dollar transactions in a market that appears to have received a new lease of life. But bankers still express doubts about how long the good times will continue.
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Shifting market conditions have forced Yes Bank to pay up for a quick return to the dollar loan market, after it found it difficult to woo lenders to a similar — but tighter priced — offering earlier this year, writes Pan Yue.
