South Asia
-
It has been a promising start to the year for leveraged buyout loans (LBOs) for Indian companies. With Chinese banks aggressively capturing domestically sponsored outbound M&A funding, international lenders are looking elsewhere for opportunities and India is proving a hit, writes Shruti Chaturvedi. -
StanChart veteran Lim retires — Lam given top China job at Citi — Citi India banker heads to HDFC Bank — BNP Paribas hires Ratliff for senior role
-
A multi-currency loan for Sino Horizon Holdings has been launched into syndication via one bank. But as the facility size is relatively small, not all lenders will be able to get a piece of the deal.
-
Parag Milk Foods has set the price range for its Indian IPO that will raise up to Rp7.67bn ($115.16m), laying the groundwork to open books for the float mid next week.
-
The Indian government kicked off the sell-down of 11% of its stake in hydropower producer NHPC on Wednesday, with the two-day bookbuild expected to add Rp27.2bn ($408.4m) to the state’s coffers.
-
Veteran Citi India banker K Balasubramanian is due to leave the firm to head the corporate banking department at HDFC Bank, according to sources.
-
The limited syndication process for a multi-currency financing for affiliates of Sino Horizon has begun with one bank at the helm.
-
India’s third largest private lender Axis Bank has wrapped up its latest, self-arranged loan at $300m.
-
Telecommunication giant Vodafone has invited banks to pitch for the IPO of its Indian arm, which could raise up to $2.5bn. It is likely to name the line up as soon as early May, sources with knowledge of the situation told GlobalCapital Asia.
-
The Securities and Exchange Commission of Pakistan is seeking comments on its draft Public Offering of Securities Rules 2016 in a bid to tighten regulation on equity and debt issuance.
-
Indian micro-finance lender Ujjivan Financial Services has set the price range for its potential Rp8.8bn ($132.3m) float, which will launch on April 28.
-
The Indian government is looking to appoint up to four banks to help it offload a 10% stake in iron ore miner NMDC, in a deal that could raise Rp40bn ($604m) based on its market capitalisation.
