India

Indian Railway Finance Corp (IRFC) sold its first bond since its IPO this week, raising $750m.

Indian renewable energy company Continuum Energy Levanter made its debut in the dollar bond market this week, more than three years after pulling its initial attempt. However, it had to offer investors incentives to seal the $561m deal, writes Morgan Davis.

India’s equity capital markets are in for a spate of government divestments this year and should also see the long-awaited IPO of Life Insurance Corp of India (LIC).

India’s NTPC, formerly known as National Thermal Power Corp, is making a rare venture into the euro loan market.

PNB Housing Finance has expanded its funding avenues for a planned deal of up to Rp1.8bn ($246.6m) to include a qualified institutional placement.

Brookfield Asset Management is set to launch India’s third real estate investment trust IPO next week, as it aims to raise Rp38bn ($520.8m) from a mix of new and existing stock.

Adani Ports and Special Economic Zone managed to seal its $500m 10 year deal inside fair value on Tuesday, despite investor concerns about the company's environmental and social record.

GMR Hyderabad International Airport swooped into the bond market on Tuesday for $300m, adding money to its coffers ahead of an expectation of a revival in passenger growth.

BNP Paribas has hired veteran banker Rahul Mundra to its loan syndication team in India.

India's Future Retail failed to make an interest payment on its dollar bonds last Friday, making it the second time it has missed a coupon on its debut notes as it struggles to overcome Covid-related woes.

Power Finance Corp netted $500m from a bond that was printed at a negative new issue premium, but still attracted investors for the yield it offered compared to peers.

Asia’s loans bankers are salivating over the prospects of working on the largest ever leveraged buyout loan from India. Blackstone is looking to exit from IT services company Mphasis in a deal that has seen plenty of interest from other private equity firms. Pan Yue reports.