India

Green bond issuance in Asia has taken off this year after sluggish growth in the past, according to data by Dealogic.

Three banks signed Indian refiner Hindustan Petroleum Corp’s (HPCL) latest $250m fundraising on August 21, without syndicating the deal despite plenty of reverse enquiry.

Navkar Corp has opened books on its Rp6bn ($91m) listing in India, with the transaction netting 15 anchor investors who have committed to buy shares at the top of the price range.

It was a tense finish for the Indian government’s Rp93.96bn ($1.42bn) sell-down of its stake in Indian Oil Corp (IOC) with books only covered just before the transaction was due to close thanks to late bids from state-owned insurers.

Tata Power's subsidiary Khopoli Investments is making a quick return to the loan market, mandating six lenders to arrange a $300m refinancing.

Infrastructure investment trusts (InvITs) have failed to gain any sort of traction in India since their introduction last year to reduce the funding pressure on infrastructure projects. Several tax and structural issues impeded the progress of the asset class, but things could soon improve if the government implements recommendations from a new consultation paper.

Matrimony.com, a provider of online matchmaking services in India, has filed for a listing to raise Rp3.5bn ($53.7m) in new equity, and appointed Citi, Deutsche Bank and Kotak Mahindra Capital as its lead banks.

The Securities and Exchange Board of India (Sebi) has paved the way for the listing of start-ups by firming up rules governing their IPOs, in a move that could change the landscape of the country’s equity capital markets.

Trio to arrange $500m for SBI — NewOcean Energy returns for $170m — China duo clinch $1.1bn Wuxi take-private loan — Tiphone out for $184m — Kingboard to increase from HK$5bn

State Bank of India has mandated three banks for a new $500m financing, hitting the loan syndication market roughly a year since its previous deal.

Hong Kong-listed Chong Hing Bank is bringing a rights issue to investors as it seeks to bolster its capital position. The lender plans to issue one rights share for every two existing shares, which will raise HK$3.71bn ($478.64m).

The Securities and Exchange Board of India (Sebi) has paved the way for listing of start-ups by firming up rules governing their IPOs, in a move that could change the landscape of the country’s equity capital markets.