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China’s city bank IPOs are in the limelight again as a pair of regional lenders prepare to launch Hong Kong listings worth billions of dollars. But with China stepping up capital curbs to keep outflows in check and foreign investors still wary of Chinese equities, these deals will be in an even tighter spot than usual. John Loh reports.

Citi executed its second Indian block trade in as many weeks on Thursday, helping a group of vendors raise Rp8.62bn ($128.22m) from a sell-down in software giant Infosys.

Bulgarian Energy Holding has picked lead banks for its €650m loan, after taking six months and being downgraded during the arranging process.

Indian Oil Corp and Bharat Petroleum Corp have launched their respective borrowings, worth a collective $580m, into general syndication. Both are offering the same base margin, but the latter is being generous with its all-ins for new banks.

Hutchison China MediTech’s (Chi-Med) $100m IPO on the Nasdaq was oversubscribed three days into bookbuilding, even as bankers pinned their hopes on a select group of US funds.

India's Dewan Housing Finance Corp is tapping the loan market for a $100m financing, three months after it held a non-deal roadshow in Asia.

Manulife US Real Estate Investment Trust (Reit) has rejigged the syndicate for its planned $400m IPO in Singapore, with JP Morgan no longer among the banks working on the deal.

Ping An Real Estate Capital, a subsidiary of Ping An Insurance Group, is hunting for $200m from the syndicated loan market.

Bank of China plans to list its aircraft lessor in Hong Kong in a deal that could raise $2bn by mid-year. The move swiftly follows China Development Bank, which has also filed an IPO of its leasing arm.

Tata Steel is speaking to banks for a $600m loan to refinance debt related to its Canadian operations, GlobalCapital Asia understands.

India’s Dewan Housing Finance Corp is gearing up for the country’s first offshore rupee-denominated bond, also known as a Masala bond, having mandated four banks to handle the market-opening transaction.

Pakistan and Sri Lanka have approached the loan market for their latest fundraisings. While interest in the former has been steadily rising, the latter was recently hit by a rating downgrade.