India

Indian IT company 3i Infotech is aiming to issue foreign currency convertible bonds to refinance a pair of outstanding equity-linked notes, according to a filing with the Bombay Stock Exchange (BSE).

India’s Equitas Holdings has priced its Rp22.5bn ($338.8m) IPO at the top of guidance after investors flooded the deal on the last day of bookbuilding.

The Brics bank is to finally make its capital markets debut later this month by issuing green bonds in RMB with the proceeds to be channelled into energy and infrastructure projects, sources have told Emerging Markets, a sister publication of GlobalCapital Asia.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.

Vodafone has begun selecting underwriters for the IPO of its Indian arm, with banks asked to sign non-disclosure agreements in order to pitch for a role.

A $465m 21 month refinancing for Hindustan Petroleum Corp (HPCL) has received one commitment since its launch into syndication in mid February.

Indian small finance bank (SFB) Equitas Holdings has wrapped up its IPO after books saw a late surge in orders, with the deal ending up multiple times subscribed.

Eco World International has obtained approval from the Securities Commission Malaysia for its IPO, which is expected to raise $500m by the middle of this year.

ONGC Videsh has sent out a request for proposals for a $1.268bn nine month loan facility, as the international arm of Oil and Natural Gas Corp seeks funds for the acquisition of a stake in oil fields in Russia.

The Reserve Bank of India has rolled back some rule changes governing international borrowings by non-bank financial companies (NBFCs) and infrastructure firms, allowing issuers to access the foreign currency offshore debt market once again.

ArcelorMittal’s $3.015bn rights issue, as part of its $4bn debt cutting plan, was completed oversubscribed, the steelmaker said on Monday, despite the gloomy outlook for the European steel industry.

India's Prataap Snacks has mandated Edelweiss Financial Services and JM Financial for a potential Rp6bn ($90.4m) IPO.