South Asia

India’s Dewan Housing Finance Corp has hit the loan market for a $100m borrowing, three months after holding a non-deal roadshow in Taipei.

IDBI Bank is meeting investors on Monday for a potential additional tier one (AT1) trade in what could finally be the first offshore bank capital offering from India.

Four banks are favourites to win the mandate for a $500m borrowing by the Democratic Socialist Republic of Sri Lanka, which sent out a request for proposals for the loan in June last year.

As an ex-banker, I am used to hearing rants about the miserable fees paid by Asia’s state-owned issuers, but even I struggle to comprehend the lengths dealers must now go to if they want to win a deal.

Sumitomo Mitsui Banking Corp sold half its stake in India’s Kotak Mahindra Capital this week, raising Rp20.69bn ($300m) in the year’s first block trade in the country. And in a rare case, the deal managed to bypass the problem of slippage typical with sell-downs in India. Jonathan Breen reports.

India's Chambal Fertilisers and Chemicals has raised a loan of $425m from three lenders and intends to use the money to set up a plant in the country.

Tata Motors has allocated its $250m loan among a score of lenders, with the deal coming close on the heels of a separate facility for the same company.

A $460m refinancing for Tata Power subsidiary Bhira Investments has opened into syndication with seven banks at the helm.

Japanese retail investors will, for the first time, have the chance to invest in the International Finance Corporation's Masala programme after the supranational launched on Tuesday its first Masala Uridashi.

Japan’s Sumitomo Mitsui Banking Corp has raised $300m via a combination of a public and private sale of half of its stake in Indian lender Kotak Mahindra Capital.

The Indian government has set its divestment target for the next financial year beginning April at Rp360bn ($5.3bn), cutting its goal for share sales to nearly half of this year’s objective.

Indian non-banking finance company Au Financiers has sent out a request for proposals for an IPO that could raise $300m, according to a source that has received the RFP.