South Asia

Canara Bank priced a $400m five year senior bond on Thursday, marking the second dollar deal from an Indian bank in a week.

Indian multinational automobile conglomerate Mahindra & Mahindra is planning to sell a chunk of its logistics subsidiary in an IPO, according to a filing on Thursday.

A pair of Indian IPOs that launched earlier this week showed investor appetite for new share sales is far from waning.

Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday.

A veteran loan syndications banker at Citi in India is understood to have quit to take up a bigger role in Standard Chartered.

Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.

The Indian government is set to raise Rp4.8bn ($75.2m) through an offer for sale of Hindustan Copper's shares this week, according to an exchange filing.

Axis Bank became the first Indian financial institution to offer a bond to US investors this year, sealing $500m on Tuesday and leveraging its rarity value to price inside its existing curve.

Punjab National Bank has added its name to the list of Indian FIG names seeking new equity, approving a Rp30bn ($470m) fundraising plan.

India’s Axis Bank is in the market with a five year dollar bullet through its Dubai International Finance Centre branch, wooing the buy-side a year after its debut green bond.

Indian government-owned Cochin Shipyard has started taking orders for an IPO that could add Rp14.7bn ($229m) to the state’s coffers.

Mining company Vedanta Resources is making a rapid return to loans, mandating five banks for a deal of around $500m while simultaneously wooing investors for a dollar bond.