Nomura

Asia’s oldest bourse, the Bombay Stock Exchange, has taken a step closer to its highly anticipated IPO, while IRB Infrastructure Developers is preparing to launch India’s first infrastructure investment trust.

Yes Bank has pulled what could have been India's largest qualified institutional placement this financial year, citing extreme volatility in the market.

The dollar market enjoyed another strong week with a group of issuers printing, but borrowers are looking ahead to a new wave of interest from bank treasuries in Asia — and some are reporting that the demand has already arrived.

Belfius Bank this week sold the first Belgian covered bond to price within a French covered bond. The deal also came with virtually no new issue concession.

Israeli plastics manufacturer Keter Plastic has launched its €790m buyout loan package with a bank meeting scheduled for Monday morning in London.

SIG Combibloc, the Swiss packaging firm owned by Onex, launched its second repricing request on its leveraged buyout loans with a lender call scheduled for Thursday morning New York time, as replies were due on Armacell's own repricing.

Indiabulls Housing Finance raised Rp13.3bn ($200m) from its maiden Masala bond on Wednesday. The trade was the third public offshore rupee deal from an Indian name and more companies from different sectors are set to follow suit, reckon bankers.

Belfius Bank has priced the first Belgian covered bond inside a French covered bond and with virtually no new issue concession.

A trio of public sector borrowers are set to spray the short end of the dollar curve with deals on Wednesday, including one making its first visit in over two years, as markets priced in an ever decreasing chance of a rate rise at the next US Federal Open Market Committee meeting later this month.

Indiabulls Housing Finance is looking to raise a minimum of Rp10bn ($150m) from its maiden Masala bond, becoming only the third Indian corporate to seek offshore rupees in the public market.

The European Central Bank could bring the shorter end of the euro curve back into play for public sector borrowers next week if it opts to cut its deposit rate once again, as super low yields led one market participant to describe a seven year euro benchmark by Finland this week as targeting the “short end” of the curve. Craig McGlashan reports.

After another week of a super solid dollar market, public sector bankers are starting to refer to the currency as “darling” — and all the signs suggest that the relationship is set for an extended honeymoon.