South Asia
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InterGlobe Aviation, the owner of Indian budget carrier IndiGo, is getting ready to tap institutional investors for a capital raise of around Rp40.7bn ($636.5m). -
A $575m loan for Twin Star Mauritius, an entity under mining giant Vedanta Resources, entered general syndication on Monday with five banks at the helm.
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India’s Bajaj Finance capped its fourth and largest equity raise to huge success last week, netting Rp45bn ($705m) from a qualified institutional placement.
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The People’s Bank of China scraps the requirement for financial institutions to set aside cash as reserves when buying foreign currency forwards, KraneShares launches new ETF to track companies in the Belt and Road Initiative (BRI) projects, and Bridgewater is said to be starting a new investment fund in China.
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India’s TCNS Clothing Co has mandated Citi and Kotak Mahindra Capital for an IPO slated for next year, according to bankers close to the matter.
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ICICI Lombard General Insurance, India’s largest private sector non-life insurer, is set to launch its IPO on September 15, and is eyeing up to Rp57bn ($892.8m).
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Habib Bank (HBL) has reached a settlement with US regulators for a much lower fine of $225m, after accusations it had breached anti-money laundering rules wiped 30% off its market value.
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General syndication for Indian data analytics firm Mu Sigma’s debut loan is in its last leg, with three banks having committed so far.
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K Balasubramanian is returning to Citi as the new head of corporate banking for India, succeeding Rahul Shukla who will turn his focus to senior client coverage.
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Niche players see MiFID II's research rules as an opportunity to win market share.
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ONGC Videsh (OVL) has closed its dual currency $844m equivalent loan with just one lender joining the dollar tranche in syndication, said a banker who arranged the borrowing.
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DBS Group Holdings has received approval from the Reserve Bank of India to establish a wholly-owned local subsidiary in the country, a big fillip to a firm that was Singapore’s first bank to set up a representative office in India.
