South Asia

Yes Bank is enticing lenders to a $400m three year loan by offering a higher margin when compared to a similar transaction launched in January.

Rural Electrification Corp has mandated Bank of Baroda for its latest $250m offshore borrowing, according to a source close to the situation.

Indian companies Bharat Hotels and Chalet Hotels are preparing to go public, having filed draft prospectuses with the securities regulator.

TVS Logistics has attracted eight participants during the syndication of its latest dual-currency borrowing.

Central Bank of India is planning to raise Rp80.0bn ($1.2bn) in new equity at a time when issuance from the country's finance sector has fallen sharply.

Metals tycoon Anil Agarwal has made a possible offer to take full ownership of Vedanta Resources, the London-listed mining company, for 825p a share, as UK M&A continues to drive a sharp increase in lending in the currency.

The Securities and Exchange Board of India has put the IPO plans of real estate company Lodha Developers on hold while it examines "past violations".

Automotive components manufacturer Varroc Engineering has launched bookbuilding for its potential Rp19.6bn ($287.8m) India IPO.

The Asian Infrastructure Investment Bank (AIIB) will collaborate with the Islamic Development Bank Group (IsDB) to co-finance projects with a focus on sustainable infrastructure.

India’s securities regulator has relaxed the disclosure norms for IPOs to encourage fundraising in the capital markets, according to a statement on Thursday.

Goldman hires new co-head of China IB — JPM names head of equities — Deutsche loses senior ECM and DCM bankers

Mumbai-based property developer Oberoi Realty has raised Rp12bn ($176m) from a qualified institutional placement.