India
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Beijing-based boutique investment bank, China Renaissance, has launched a new division to advise companies looking to raise funds in China’s onshore capital markets, expanding the firm’s services to include both its home and overseas markets. -
The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.
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Three Indian state-owned companies have sent out separate requests for proposals for borrowings totalling $775m to refinance existing debt.
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S H Kelkar & Co looks set to continue the strong momentum in the Indian IPO market, with investors clamouring for shares in the flavour and fragrance producer’s Rp5bn ($77m) float.
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The syndication timeline for a $145m loan backing the Blackstone Group’s acquisition of some Indian assets has been pushed back.
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InterGlobe Aviation has launched its IPO of as much as Rp32.5bn ($500m) after finding robust demand from anchor orders, with their response expected to boost interest from other investors during bookbuilding.
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Citi has hired a former Standard Chartered banker as its new chief economist for India.
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India's Religare Global Asset Management has refinanced existing loans with a fundraising of $150m.
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The Indian IPO market is back in full swing with Coffee Day Enterprises seeing a solid outcome for its Rp11.94bn ($183m) deal, in what was the country’s first chunky listing in years. The transaction’s success, buoyed particularly by interest from institutional accounts, has now paved the way for a flurry of IPOs to follow, writes Rashmi Kumar.
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A $500m financing for State Bank of India has launched into general syndication following a senior phase that saw three lenders come in.
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A $500m five year loan for State Bank of India, which launched into senior syndication in August, has attracted three lenders at the top level.
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India's Rural Electrification Corp, which sent out a request for proposals for a loan of $150m in September, has zeroed in on two lenders to supply the funds and doubled the size of its deal.
