Banks

Bonds from Indian corporations were among the worst performing investment grade deals in Asia last week. The primary market also suffered, with one deal cancelled and another put on hold.

Hexaware Technologies, an Indian software company majority owned by Baring Private Equity Asia, has mandated nine banks for a $600m take-private loan.

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.

Shenzhen-listed Hangzhou Tigermed Consulting has caught the attention of international and local investors for its secondary listing on the Hong Kong exchange, set to be worth at least $1bn.

CPPIB Capital mandated banks on Friday for its third dollar benchmark this year as it looks to jump on the back of a strong reception for Canadian and Japanese borrowers in the currency this week.

Germany is calling for bids for state-owned Depfa Bank, the once prolific issuer of Irish and German covered bonds whose parent, Hypo Real Estate, was taken into public ownership as a result of the 2008 financial crisis. There is little chance, however, that the transaction could see the issuer return to the covered bond market.

Eurocontrol, the Belgium based European aviation trade body, has signed a €272m term loan, with the money earmarked for providing liquidity to the aviation industries of member states that have been hit hard by the coronavirus pandemic.

Swedish social housing manager Samhällsbyggnadsbolaget i Norden (SBB) has issued a Sk2.75bn (€270m) mandatory convertible bond to shore up its balance sheet as it pursues further investment opportunities in the social infrastructure space.

Chinese property company Agile Group Holdings has launched a HK$3.242bn ($418m) refinancing loan into syndication.

Philippine company Globe Telecom raised $600m from a dual-tranche deal on Thursday, with investors attracted to the firm’s sector of operation.

Ayala Land Real Estate Investment Trust (AReit) has struck a chord with investors, which covered the institutional book of its IPO after the first day on the road, according to a source familiar with the matter.

Chinese real estate developer Redsun Properties Group came to the bond market for the second time this year on Thursday, raking in $155m from a tap of its 2023 deal.