Nomura

Microfinance institution Bandhan Bank has begun preparations for its IPO, according to a source familiar with matter.

Public sector borrowers are mainly keeping to the short end of the dollar curve this week, but at least one top tier issuer is understood to be considering a 10 year dollar benchmark in the next few weeks.

World Bank will find out whether what has been a resilient market for public sector dollar issuance over the summer can support a jumbo trade, after mandating for what will be the first such deal in dollars from an SSA since the spring. Swedish Export Credit Corporation is also out in the currency, going ahead despite some geopolitical and US governmental turmoil over the last few days — and more issuers are lining up to follow.

Nomura has added a new head of global markets sales for Russia and CIS as it continues to expand its emerging markets business following the appointment of David Ishoo-Mirzayoo as head of CEEMEA sales in March.

Reliance Nippon Life Asset Management has filed for a potential Rp20bn ($311.8m) IPO in India, offering both new and existing shares.

HDFC Standard Life Insurance Co submitted a listing application to the Indian regulator on Friday, with as many as 10 banks managing the float, which could be worth Rp100bn ($1.5bn).

State-owned insurer New India Assurance Co (NIA) has submitted a draft prospectus for its IPO, which could be worth up to Rp75bn ($1.2bn), according to a banker working on the deal.

LVGEM (China) Real Estate Investment Co grabbed $225m on Tuesday from its debut deal, taking measures to mitigate any fears of failure by securely anchoring the deal.

Reliance Nippon Life Asset Management has added three bookrunners to the line-up of banks that will manage its IPO in India this year, boosting the syndicate to six.

LVGEM (China) Real Estate Investment Company and HNA Group company Tianjin Tianhai Investment Co are wooing buy-side accounts. The former opened books for its debut on Tuesday and the latter is understood to be holding investor meetings.

Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.

LVGEM (China) Real Estate Investment Company is preparing its first international bond, mandating eight banks to work on the transaction.