South Asia
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Indian conglomerate Larsen & Toubro has laid out plans to float an infrastructure investment trust, giving the fledgling asset class a boost. -
Adani Abbot Point Terminal, a unit of Indian conglomerate Adani Group, is hunting for an A$250m ($199m) syndicated loan, with the deal open to new lenders.
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The Singapore-based arm of IDFC Securities has appointed a chief executive officer, a newly created position after it obtained a capital markets services licence for the city-state.
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India’s HT Global IT Solutions Holdings is returning to the dollar market for a tap of its debut notes sold last summer.
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Indian state-owned Vijaya Bank raised Rp7bn ($109m) from a qualified institutional placement on Thursday, jumping on the chance to tap equity investors after an impressive rally in its stock price.
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India's sale of stock in energy company NTPC was meant to be the largest on record this week, worth as much as Rp138.5bn ($2.2bn). But the deal missed the mark after a muted response from retail investors.
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Indian company Srei Equipment Finance is seeking an up to $150m five year loan from the offshore market.
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Bharat Road Network has set the price range for its up to Rp6bn ($94m) IPO in India, with books slated to open next week.
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HSBC’s investment banking head for India has left the firm and is now on gardening leave, according to sources.
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The Indian government is off to a strong start with its biggest sell down in power producer NTPC, with the institutional portion of the Rp138.5bn ($2.2bn) trade nearly covered just half a day into bookbuilding.
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Dixon Technologies India will launch its up to Rp6bn ($94m) IPO next week, having announced the marketing range on Tuesday.
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The US has slapped Habib Bank (HBL) with one of the biggest fines on an Asian financial institution in recent years. Pakistan's largest bank is the latest lender to be penalised for flouting anti-money laundering rules but said it would contest the fine.
