State Bank of India (SBI) top stories

• India’s Birla Carbon, Tata Steel tap banks for loans

  

  Indian companies Birla Carbon and Tata Steel have mandated banks for loans and both borrowers have signed up large groups of lenders at the top level.

  • 15 Jan 2020

• Turkish bank gets the green light

  Turkish lender Yapi Kredi ventured into the green bond market for the first time on Friday with a rare dollar private placement, its first since January 2016, according to Dealogic data.

  • 14 Jan 2020

• NTPC, Reliance to make loan returns

  India’s National Thermal Power Corp has mandated three lenders for a $300m-equivalent Samurai loan, after sending out a request for proposals last year.

  • 09 Jan 2020

• PFC closes $300m loan with nine banks

  India’s Power Finance Corp has wrapped up its $300m-equivalent dual-currency loan with nine banks on board.

  • 19 Dec 2019

• Investec raises $450m as foreign lenders smile on SA

  Investec has entered the loan market for the third time this year, taking a $450m two year term loan from a range of international lenders.

  • 12 Dec 2019

• IOC subsidiary returns for C$580m

  Indian Oil Corp’s Canadian subsidiary, IndOil Montney, has returned to the loan market for a C$580m ($438m) five year deal. Unlike the last time, when it was primarily focusing on US and Canadian banks, the latest deal is targeting Asian liquidity.

  • 11 Dec 2019

• SBI Cards sets ball rolling on $1.3bn India IPO

  SBI Cards and Payment Services filed listing documents with India’s regulator this week for an IPO of up to Rp95bn ($1.33bn). The deal is on track to be the largest listing the country has seen for more than two years, writes Jonathan Breen.

  • 28 Nov 2019

• Investors balk as ONGC chances loose covenants

  Oil and Natural Gas Corp (ONGC), the largest crude oil and natural gas company in India, tussled with bond investors during marketing for its latest dollar deal this week. Investors pushed back against ONGC’s demanding terms and forced a last-minute flip-flop over a change of control clause. Morgan Davis reports.

  • 28 Nov 2019

• SBI readies Rp80bn share sale in card business IPO

  State Bank of India is looking to raise about Rp80bn ($1.1bn) by selling a minority stake in SBI Cards’ planned jumbo IPO, according to a banker on the mandate.

  • 12 Nov 2019

• Axis Bank to take home Rp100bn from equity placement

  Axis Bank is looking to raise Rp100bn ($1.4bn) from a primary share sale to boost its capital adequacy ratio, according to sources close to the deal.

  • 20 Sep 2019