India

India’s Yes Bank has raised Rp19.3bn ($271.2m) after issuing a block of primary shares.

Housing Development Finance Corp has made a quick return to the syndicated loan market for a $200m borrowing, five months after it sealed a Samurai loan.

The Indian government has sent out a pair of request for proposals for banks to lead the IPOs of FCI Aravali Gypsum and Minerals India (Fagmil) and Telecommunications India (TCIL).

Spanish impact fund Magallanes Impacto and India’s Northern Arc Capital’s joint investment in a Rp1.06bn ($15m) ‘pooled bond’ transaction highlighted foreign investors’ interests in India’s non-banking financial companies (NBFCs), as cash-strapped lenders look for alternative sources of funding. Addison Gong reports.

Greenko Energy Holdings skirted market volatility on Wednesday, seizing a rare opportunity to close a dollar deal.

The Indian government has sent out a request for proposals for banks to lead the IPO of FCI Aravali Gypsum and Minerals India (Fagmil).

The Indian government has issued a request for proposals (RFP) for bookrunners to run the listing of Telecommunications India (TCIL).

India's Yes Bank is aiming to raise up to Rp19.4bn ($275m) from a qualified institutional placement, according to a source familiar with the matter.

Indian non-bank microloan provider Spandana Sphoorty has wrapped up its IPO, just about covering the deal thanks to a strong showing from institutional investors. It is set to be priced at the top of guidance, according to a banker on the deal.

Rising tensions between the US and China, coupled with a mass strike in Hong Kong at the start of the week, caused a sell-off not just in the city’s stocks market but also across Asian bonds. While sentiment has recovered slowly, the market turbulence is set to keep equity and bond bankers on their toes. Jonathan Breen, Morgan Davis and Addison Gong report.

The bookrunning lead managers of Spandana Sphoorty Financial’s Indian IPO were seeking out all avenues of demand on Wednesday, with the deal barely a third covered by midday and set to close at the end of the trading day.

Swiss firm responsAbility Investments has closed a $175m microfinance CLO via JP Morgan, revitalising an industry which last saw issuance before the financial crisis.