India
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Birla Carbon, part of the India’s Aditya Birla Group, has shortlisted banks to supply a $925m dual-tranche facility that will replace a loan it borrowed in 2011. -
India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.
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Indian mortgage lender Housing Development Finance Corp (HDFC) is gearing up for what could potentially be the country’s first rupee-denominated offshore bond, also known as a Masala bond.
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A $500m five year loan for Stats ChipPac, which launched in mid September, has received commitments from three banks, according to sources familiar with the deal.
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InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with all books multiple times covered by a flood of investors.
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Tata Chemicals Europe’s £140m ($216m) dual-tranche facility has been launched into limited syndication, marking the borrower’s return to the syndicated loan market after a four year break.
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Doha Bank is the latest lender to join the parade of financial institutions looking to gain access to Asian bank liquidity for their syndicated loans. The lender has launched a $500m fundraising that requires a chunky minimum commitment.
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The Privatisation Commission of Pakistan has issued a request for proposals to firms to help lead a sell-down in State Life Insurance Corp (SLIC).
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India’s Aditya Birla Group, which has been in discussions with its relationship banks about refinancing a loan raised in 2011, is likely to launch a new $925m deal before the end of the month.
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National Bank of Abu Dhabi (NBAD) has reaffirmed its Indian ambitions with the purchase of the Royal Bank of Scotland’s portfolio of offshore loans to the country’s corporates.
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InterGlobe Aviation and SH Kelkar & Co have found huge success with their respective Indian IPOs, with books multiple times covered as investors flooded into the transactions.
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Indonesia’s Summarecon Agung has pulled a planned $200m-$250m IPO of Summarecon Investment Property (SIP) at the eleventh hour to pursue a real estate investment trust (Reit) instead.
