Nomura

Nomura has promoted Prabhat Awasthi to the position of head of India, according to a press release from the Japanese bank on Wednesday.

India’s divestment body is hunting for firms to manage New India Assurance Co’s IPO, one of five state-owned insurers the government plans to take public.

Housing Development Finance Corp (HDFC) sealed the year’s first offshore rupee-denominated bond and the largest so far from an Indian name, pricing the Rp33bn ($504m) notes tighter than its onshore curve, said bankers.

India’s Housing Development Finance Corp launched a three year and one month Masala bond on Friday, making its return to the offshore rupee-denominated debt market.

Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.

Bookrunner numbers on European deals are climbing ever higher, and it’s hurting deal execution. That, at least, is the complaint of many in the DCM and syndicate world. Is this just self-interest, or should issuers be worried? What, if anything, can be done about the growing mandate roll calls?

Netherlands-based telecoms firm Altice, one of the European leveraged finance market’s leading issuers, held a lender call at 3pm London time on Thursday for €1.6bn of loan refinancings in euros, and more in dollars.

World Bank proved its popularity in the Australian dollar bond market on Tuesday, selling a combination of medium and long dated debt for A$800m ($605.4m) to a wide variety of investors.

BMC Software, the US IT management firm, joined a packed European leveraged finance market on Monday with a €650m term loan refinancing, one of several deals launched since late last week.

Nomura has reshaped the management team of its wholesale division, which includes investment banking and markets. Former co-head of wholesale Kentaro Okuda will become regional head for Americas, while Minoru Shinohara, executive chairman in EMEA, becomes co-head of wholesale, relocating from London to Tokyo.

Philippine-based Wilcon Depot is planning to open books on March 20 for a Ps7.9bn ($156.8m) IPO, according to a notice on the country's stock exchange.

Verisure joined the runaway repricing train in European leveraged loans this week, launching a €350m term loan ‘B’ as it looks to refinance an existing Swedish kroner facility paying more than 500bp.