Credit Suisse

India’s Natco Pharma raised Rp9.15bn ($142m) this week, using a qualified institutional placement to sell the new stock.

State-owned Indian lender Punjab National Bank has wrapped up a Rp50bn ($775m) capital raise through a qualified institutional placement (QIP), according to a banker on the deal.

BMC Software has shrunk its triple-C rated high yield bond issue from €380m to €250m as demand proves hard to come by. But Burger King France has managed to price its offering at the tight end of the range, though with an adjustment to the tranching.

Underwriters of Banca Carige’s €500m rights issue were jubilant on Thursday, when the results of the deal showed it had attracted about €200m of demand in the open market — almost exactly the amount needed for the banks to avoid having to buy shares, and underlining that the Italian lender has been rescued in an orderly way by private sector investors, a first in recent Italian history, writes Jon Hay.

The year's total issuance of triple-C rated bonds in the European high yield market jumped from €4bn to more than €6bn this week. Many believe this could be the last week to bring new deals in 2017.

The euro high yield pipeline unveiled a battery of deals this week, six of them with ratings below double-B. The largest came from French frozen food retailer Picard Surgelés, which will refinance over €1bn of existing debt and pay a dividend to its private equity sponsors.

Nine banks have formed the syndicate for a HK$1.25bn loan for Hong Kong-listed China Tian Lun Gas Holdings.

Dongxing Securities (HK) Financial Holdings has found success with its maiden loan outing, managing to raise the size of the deal to $400m from $300m.

A $575m loan for Twin Star Mauritius, a subsidiary of mining company Vedanta Resources, has attracted two commitments since its launch into general syndication in September. But the deal remains open to participants with a few more lenders expected to chip in, said two bankers close to the matter.

French insurance broker Financière CEP and UK frozen food producer Nomad Foods have launched refinancing offerings to increase the size of existing debt.

Italian gambling company Gamenet Group priced a €72m Milan IPO this week after bookrunners slashed the price and reduced the size at the end of last week.

EN+ Group, the Russian power and metals company controlled by Oleg Deripaska, rose more than 2% in Moscow trading on Monday morning after posting its first results since its $1.5bn IPO in early November.