South Asia
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Bombay Stock Exchange-backed Central Depository Services India (CDSL) is set to bring the country’s first IPO of a securities depository, with its Rp5.2bn ($81.4m) deal launching next week. -
Marble II, a special purpose investment holding company of Indian IT firm Mphasis, started taking bids for a senior secured five non call two year bond on Tuesday.
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Wockhardt and Lakshmi Vilas Bank are joining the equity raising bandwagon in India as they hunt for new capital.
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Indian lender IndusInd Bank has rolled out its first Taiwan-targeted syndicated loan via four mandated lead arrangers and bookrunners.
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Piramal Enterprises has mandated Citi, Kotak Mahindra Capital and Morgan Stanley to help it raise Rp50bn ($778m) via a qualified institutional placement, sources said.
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Global investors scrambled for paper in India’s largest qualified institutional placement (QIP) this week as State Bank of India raised Rp150bn ($2.3bn) amid strong appetite for the country’s stocks. Its success heralds a bumper year for FIG equity raisings, with more big trades already shaping up, writes John Loh.
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France’s GDF International exited its holdings in India’s Petronet LNG via an accelerated bookbuild on Thursday that priced near the bottom of expectations to raise Rp31.6bn ($491.4m).
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State Bank of India, which wrapped up a $500m syndication with 21 lenders this week, is already eyeing a new borrowing of about the same size, said bankers.
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The Reserve Bank of India has added restrictions to the issuance of rupee-denominated bonds, essentially cutting off the country's high yield issuers from the market.
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Indian lender IndusInd Bank is planning to roll out a $300m syndication with four mandated lead arrangers and bookrunners next week.
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India’s cabinet has approved the IPO of Indian Renewable Energy Development Agency (Ireda), the chief financier of the country’s renewable energy ambitions.
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ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, is seeking a dual currency $844m-equivalent loan from the offshore syndication market.
