India

Coffee Day Enterprises is set to become the biggest IPO in India in more than four years, with the coffee chain setting out the terms for its deal.

Tata Chemicals has picked banks for a new £200m ($303.5m) refinancing, hitting the market after a hiatus of nearly two years.

India’s Power Finance Corp, which sent out a request for proposal for a $360m-equivalent yen loan in September, has chosen one bank as mandated lead arranger and bookrunner.

Quick Heal Technologies, which makes anti-virus software, has lodged a draft prospectus with the Securities and Exchange Board of India for an IPO that could raise $100m-$150m.

There was a time when Bogotá’s public transport system looked a bit like that computer game where the frog has to get across a highway without being flattened. The streets were gridlocked with buses, and not with any sense of co-ordination among them.

Sandhar Technologies has filed a listing application with the Securities and Exchange Board of India, with ICICI Securities, IDFC Securities, IIFL Holdings and Jefferies leading the trade.

The Reserve Bank of India unveiled the final framework for rupee-denominated offshore bonds, also known as Masala bonds, on September 29 following consultation with market participants.

Asian green bonds are finally taking off, with an increase in dealflow and the emergence of new markets set to transform the potential of the asset class. But the investor base remains largely non-specialised, with the green credentials of a deal often of little importance. Christina Khouri reports.

Larsen & Toubro Infotech, the information technology services unit of Indian conglomerate Larsen & Toubro, plans to raise $300m from an IPO of only secondary shares.

Indian conglomerate Reliance Industries has opened its $1.47bn dual-currency loan into general syndication, with four participation levels available to lenders.

The Reserve Bank of India (RBI) has decided to allow lenders to offer partial credit guarantees to project bonds, as it seeks to relieve funding pressure on the infrastructure sector.

It’s been talked about for a long time, but India may finally be getting its first infrastructure investment trust (InvITs) listing, with IRB Infrastructure Developers securing board approval to establish one.