South Asia
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Indian Railway Finance Corp (IRFC) made a rare appearance in the dollar bond market on Tuesday, and its first green issue appealed to international investors. -
Future Supply Chain Solutions opened books for its IPO on Wednesday, eyeing a potential size of Rp6.49bn ($100.7m).
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Indian hospital operator Shalby launched bookbuilding for its up to Rp5.05bn ($78.4m) IPO on Tuesday after putting a portion of stock in the hands of anchor investors.
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A $575m loan for Twin Star Mauritius, a subsidiary of mining company Vedanta Resources, has attracted two commitments since its launch into general syndication in September. But the deal remains open to participants with a few more lenders expected to chip in, said two bankers close to the matter.
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Deutsche Bank’s Sunil Khaitan is joining Bank of America Merrill Lynch to lead its capital markets team in India, according to a source familiar with the matter.
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Indian Railway Finance Corp (IRFC) found an opportune time to open books for its debut green dollar bond on Tuesday morning, riding off India’s sovereign ratings upgrade last month.
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India’s Rural Electrification Corp is one of the few non-Chinese issuers laying the groundwork for a new dollar bond before the end of the year.
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A two-part loan for Singaporean private equity firm Capital Square Partners’ acquisition of business process outsourcing company Aegis has entered into general syndication.
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DLF is preparing to tap equity investors for the first time in four years, as shares in the Indian real estate firm reach a level not seen since 2013.
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Mahindra & Mahindra Financial Services has received “phenomenal” demand for its Rp11bn ($171m) overnight capital increase, which closed about two to three times covered, said a banker on the deal.
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India’s Housing Development Finance Corp has approved the listing of its asset management arm, hot on the heels of the successful IPO of its life insurance unit.
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The Islamic Republic of Pakistan raised $2.5bn from a sukuk and a conventional bond on Thursday, finding strong support from the buy-side.
