South Asia
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Eco World International has obtained approval from the Securities Commission Malaysia for its IPO, which is expected to raise $500m by the middle of this year. -
ONGC Videsh has sent out a request for proposals for a $1.268bn nine month loan facility, as the international arm of Oil and Natural Gas Corp seeks funds for the acquisition of a stake in oil fields in Russia.
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The Reserve Bank of India has rolled back some rule changes governing international borrowings by non-bank financial companies (NBFCs) and infrastructure firms, allowing issuers to access the foreign currency offshore debt market once again.
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ArcelorMittal’s $3.015bn rights issue, as part of its $4bn debt cutting plan, was completed oversubscribed, the steelmaker said on Monday, despite the gloomy outlook for the European steel industry.
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India's Prataap Snacks has mandated Edelweiss Financial Services and JM Financial for a potential Rp6bn ($90.4m) IPO.
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Pakistan has signed its latest loan at a higher than launch size of $408m, completing the syndication within just three weeks.
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The Asia ex-Japan loan market betrayed little direction in the first quarter and the mood of syndication bankers is one of measured optimism for the year ahead. Bankers are making diversification their new goal and are hunting down opportunities in newer sectors, writes Shruti Chaturvedi.
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Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.
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Indian non-bank lender Hinduja Leyland Finance has filed a draft prospectus for an IPO that will raise at least Rp5bn ($75m) in primary proceeds.
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Infibeam, India’s first e-commerce firm to list, has priced its Rp4.5bn ($67.9m) IPO at the top end of its marketing range, defying criticism about how the deal was executed.
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The Sri Lankan government is readying itself for an international bond, having sent out a request for proposals on Tuesday.
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Equitas Holdings has tweaked plans for its potential Rp20bn ($300.3m) IPO, as it works to become the first small finance bank to go public in India.
