India

India’s Natco Pharma raised Rp9.15bn ($142m) this week, using a qualified institutional placement to sell the new stock.

India’s Rural Electrification Corp raised $400m from a three year bullet on Monday, opting for an unusual tenor for a credit from the country, but still finding more than enough support for its deal.

State-owned Indian lender Punjab National Bank has wrapped up a Rp50bn ($775m) capital raise through a qualified institutional placement (QIP), according to a banker on the deal.

Indian state-owned Canara Bank is seeking up to Rp35bn ($543.9m) through a qualified institutional placement, and is looking to hire firms to run the deal.

India’s Rural Electrification Corp kicked off the week by launching a three year dollar bond on Monday morning local time.

India’s ICICI Bank sealed a $500m 2027 bond with ease on Thursday, pricing the trade at a tight coupon, leveraging on the positive sentiment around the country since the sovereign upgrade.

Union Bank of India has become the latest financial institution to use the qualified institutional placement route to raise capital, as the country’s banks head to the public market to plug their capital shortfalls.

China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.

Indian Railway Finance Corp (IRFC) made a rare appearance in the dollar bond market on Tuesday, and its first green issue appealed to international investors.

Future Supply Chain Solutions opened books for its IPO on Wednesday, eyeing a potential size of Rp6.49bn ($100.7m).

Indian hospital operator Shalby launched bookbuilding for its up to Rp5.05bn ($78.4m) IPO on Tuesday after putting a portion of stock in the hands of anchor investors.

A $575m loan for Twin Star Mauritius, a subsidiary of mining company Vedanta Resources, has attracted two commitments since its launch into general syndication in September. But the deal remains open to participants with a few more lenders expected to chip in, said two bankers close to the matter.