South Asia
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The Shanghai and Shenzhen stock exchanges have won a bid to buy a 25% stake in Bangladesh’s Dhaka Stock Exchange, according to a joint statement from the Chinese acquirers. -
G R Infraprojects is eyeing an IPO in India that will raise Rp5bn ($75m) in primary proceeds as well as allow existing shareholders to cash out.
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Indian conglomerate Larsen & Toubro kicked off the listing of its infrastructure investment trust (InvIt) this week, pushing a novel private placement structure. Market participants predict that with the sponsor’s strong credentials, a desire for safe assets and a bigger investor pool, the deal could be the boost InvIts have been waiting for. Jonathan Breen reports.
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India’s Reliance Jio Infocomm has launched the biggest Samurai loan from an Asian company into general syndication, as it looks to leverage on Japanese onshore liquidity.
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LCH, the majority-owned clearing house of the London Stock Exchange, on Tuesday began clearing non-deliverable interest rate swaps in Chinese yuan, Korean won and Indian rupees.
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IndInfravit Trust will launch a Rp32.3bn ($484.3m) IPO on Thursday, the first time an Indian infrastructure investment trust (InvIT) will sell shares solely through a private placement.
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India's IndoStar Capital Finance has announced an indicative price range for its potential Rp18.4bn ($276m) IPO, according to a banker on the deal.
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Indian real estate company Lodha Developers is preparing to raise up to $562m from the primary portion of its planned IPO, according to a draft red herring prospectus filed on Thursday.
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Fiat India Automobiles, the India-based wholly-owned subsidiary of Italy’s FCA Group, has cut the price of a $250m old project loan by converting it into a corporate finance deal.
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Summit Power International’s hopes to be the first Bangladeshi issuer to list in Singapore have fizzled out after its $260m IPO was withdrawn.
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State-owned Punjab National Bank has appointed three firms to lead the IPO of its life insurance arm in India later this year, according to sources close to the deal.
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Reliance Jio Infocomm, the mobile network operator controlled by India’s Reliance Industries, has raised ¥53.5bn ($498m), the largest Samurai loan for an Asian corporation.
