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GC Asia
High hopes for Indian bonds as Essar sells zeros
Essar Group, the Indian conglomerate, is planning to raise as much as Rp45bn ($965m) in a deal that bankers hope will show the health of India’s corporate bond market.
Barclays Capital, Deutsche Bank, JPMorgan and Standard Chartered have opened the books on the two-tranche zero-coupon bond, which has a base size of Rp22.5bn. It consists of two Rp11.25bn tranches, maturing in July and December 2011. Both come with a greenshoe option to double the size of the
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Latest news from Emerging Markets
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Further Reading
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Emerging Markets
Dollar Libor transition heads for 'hardwired approach'
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CEE
Tengizchevroil hits screens for five and 10 years as competitive pricing expected
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Latin America
Braskem markets hybrid as Lat Am conditions swell
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CEE
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