South Asia

Exotix Capital has brought on three new hires to its frontier markets research team ahead of the introduction of MiFID II.

Anton Oilfield Services Group, rated Caa1/—/CCC, ventured into the volatile market on Tuesday to close its exchange and new money offering, taking home $300m in the process.

The first set of commitments are in for Pakistan’s latest outing in the syndicated loan market — a $700m 10 year facility that is partially guaranteed by the International Bank for Reconstruction and Development (IBRD).

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, filed a draft prospectus for its IPO with the Indian market regulator on Tuesday.

The Islamic Republic of Pakistan opened its dollar-denominated sukuk and conventional bonds for bids on Wednesday, just days after the country’s government was forced to bring in the army to tackle protests in the capital.

Indian Railway Finance Corp (IRFC) has mandated banks for its maiden green dollar bond, coming close on the heels of a similar issuance from peer Power Finance Corp.

India’s Lodha Developers International netted $125m on Monday from a tap of its bonds sold back in 2015, using its recent development and growth story in the London market to hook investors.

Indian company TVS Logistics Services has approached the international loan market for a $153m-equivalent financing, with participants invited to commit in dollars and sterling.

Punjab National Bank is selling a 6% stake in PNB Housing Finance worth Rp13.3bn ($206.3m) through the offer-for-sale method.

Indian infrastructure finance company Power Finance Corp is taking bids for a benchmark 10 year green dollar bond, returning to the international debt market after an absence of two decades.

A $400m loan for Bharat Petroleum Corp’s (BPCL) offshore unit was allocated last week, attracting commitments from three Indian banks during the two months it was open to participants.

India’s Lodha Developers International opened books for a tap of its existing $200m 12% 2020s on Monday, more than two years after the original notes were sold.