India

Indian telecommunications company Summit Digitel Infrastructure made its debut in the dollar market this week, appealing to investors in the US and Europe that were keen to buy highly rated notes.

Indian agribusiness company Adani Wilmar has filed draft documents with the securities regulator for a Rp45bn ($605.6m) IPO.

Indian power finance company REC, formerly known as Rural Electrification Corp, has mandated five banks for a $600m loan.

PB Fintech, parent of online insurance platform Policybazaar, has filed initials documents for a Rp60.17bn ($809.2m) IPO in India.

Glenmark Life Sciences, a pharmaceutical ingredients manufacturer, wrapped up a three-day bookbuild for its India IPO on Thursday. The deal, worth up to Rp15.5bn ($208.6m), was covered 15.5 times.

Acme Solar Holdings was one of the few borrowers in Asia to brave volatile market conditions on Thursday to sell its debut dollar bond.

Adani Ports and Special Economic Zone locked up a $750m dual-tranche bond on Monday. But the deal was not easy for the Indian borrower, as negative headlines at home and a volatile Asian market kept many investors away. Morgan Davis reports.

CarTrade Tech was approved by market regulator Securities and Exchange Board of India on Monday to proceed with its listing.

India’s largest ever leveraged buyout loan, tied to Blackstone’s stake purchase in IT services company Mphasis, is in the market, after inviting a wide group of banks to participate in general syndication.

Pharmaceutical ingredients manufacturer Glenmark Life Sciences is set to launch a Rp15.1bn ($202.6m) IPO on Tuesday.

Star Health and Allied Insurance filed a draft IPO prospectus with India’s securities regulator this week, become a rare private sector insurer to head for a listing.

Citi has named Rahul Saraf as head of investment banking for India, effective on Wednesday.