India

Tissue paper maker Youyuan International is tapping the loan market for a $120m 3.5 year facility, marking its return after a gap of two years.

Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.

India's ONGC Videsh has lined up six lenders for a $1.268bn nine month loan to support its acquisition of a stake in oil fields in Russia.

India’s Parag Milk Foods has added an extra three days to the bookbuilding period of its Rp7.7bn ($115.6m) IPO despite being oversubscribed, in a last ditch attempt to woo more institutional interest.

BNP Paribas could let go of up to 40 people in its Asia cash equities unit, affecting about 20% of the division's workforce in the region, as it seeks a buffer against the continued soft patch in the market.

In a rare side-by-side appearance in a debate at the ADB annual meetings, the finance ministers of India and Pakistan sidestepped the normal hostile tone between the two Asian powers to outline how they will both surpass China with 7% annual growth.

Dollar loan volumes from India have risen 10% so far this year, with numbers driven mainly by fundraisings for large conglomerates and state-owned firms. This is despite a slump in overall activity in the rest of Asia. But the lukewarm response during syndication for some of the recently closed deals indicates a pushback on pricing from retail lenders, writes Shruti Chaturvedi.

Hong Kong-listed conglomerate Dah Chong Hong is readying a loan to back its acquisition of Li & Fung’s Asia consumer and healthcare distribution business.

Indian mortgage lender HDFC is close to signing up lenders for a $375m borrowing, according to two sources.

HDFC Standard Life Insurance Co (HDFC Life) has mandated four houses to run its IPO, which will be India’s first listing by an insurance company.

India’s Ujjivan Financial Services has bagged Rp8.8bn ($132.3m) after pricing its listing at the top of its marketing range, in line with the level where investors placed the bulk of their orders.

India needs a green bank to finance the expanding clean energy industry, according to a joint report from non-profit organisations the Natural Resources Defense Council and the Council on Energy, Environment and Water.