India
-
The Indian government has sent out two requests for proposals for banks to handle the divestment of stakes in hydro-electric power company THDC India and railway construction firm Ircon International. -
A wave of issuers — mostly Chinese — including China Mengniu Dairy Co and local government financing vehicle Guangzhou Development District Financial Holdings flooded the bond market on Thursday, riding the positive sentiment after the US Federal Reserve chairman Jerome Powell signalled a rate cut later this month.
-
India’s plan to sell foreign currency bonds for the first time has prompted eager speculation among debt bankers in Asia. While bankers disagree over when the deal will launch and exactly what fair value will be, many expect the deal to come with a razor-thin spread. Silas Brown reports.
-
India’s securities regulator has given the greenlight for Sterling and Wilson Solar’s IPO, which could raise up to Rp45bn ($655m).
-
India has proposed increasing the public holding of each stock from 25% to 35% of the total outstanding shares.
-
India is planning to sell foreign currency bonds for the first time, in a move that has excited capital markets participants and raised debate about the deal’s timing and pricing.
-
India’s Tata Sponge Iron, a subsidiary of multinational Tata Steel, has opened books for a Rp16.5bn ($240m) rights share offering.
-
India’s securities watchdog has approved the issuance of shares that carry weighted-voting rights, allowing for a company’s shareholders to have different voting powers.
-
BNP Paribas Cardif raised Rp16.88bn ($243.81m) after hiving off a 2.5% stake in SBI Life Insurance.
-
Country Garden seeks second borrowing in six months – UAF taps two banks for HK$1.6bn – Deutsche arranges $190m for Shangshi – Pakistan sovereign deal open – Malakoff woos banks to refi – IRFC pulls into Samurai market
-
Investors embraced the duration offered by Adani Ports and Special Economic Zone this week, snapping up its $750m trade and pushing the order book to a hefty peak of $4.5bn.
-
Indian real estate developer Godrej Properties has added Rp21bn ($302m) to its coffers after pricing a share placement at the top of the range.
