South Asia

A pair of Indian healthcare companies, Alkem Laboratories and Dr Lal Pathlabs, launched their respective IPOs on Tuesday and have already managed to attract plenty of investor interest.

Bharat Oman Refineries (BORL), which sent out a request for proposal for a loan of $125m in October, has mandated a group of three banks for the financing.

The Reserve Bank of India has come out with a new framework for raising offshore debt, with one of the rules preventing non-banking financial corporations (NBFCs) from issuing anything other than rupee denominated debt.

The Pakistan Stock Exchange (PSE) is set to launch on January 1 in a keenly-anticipated ceremony that will be attended by top government officials and foreign investors eyeing a stake in the soon-to-be unified bourse.

The Securities and Exchange Board of India (Sebi) is one step closer to having a formal framework for its green bond market, having launched a public consultation this week.

India’s securities regulator finally gave the thumbs up to the listing of its two stock exchanges this week, a project that has been in the works since the turn of the century. The move is a huge milestone, and market watchers hope it will give the bourses more clout to stay on top of their game, writes John Loh.

Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.

State-owned Indian companies National Thermal Power Corp (NTPC) and Hindustan Petroleum Corp (HPCL), both regulars in the syndicated loan market, have sent out new requests for proposals.

The Securities and Exchange Board of India (Sebi) is planning to update its guidelines for issuing convertible securities, with the regulator launching a public consultation on Tuesday. The move has been welcomed by market participants.

Drug manufacturer Alkem Laboratories has set the price range for its Rp13.5bn ($202m) IPO in India, with the offering set to launch on December 8.

The Securities & Exchange Board of India (Sebi) is moving ahead with a long-delayed plan to allow its two stock exchanges to float their shares, with the board approving the listings on Monday.

State-owned Indian companies National Thermal Power Corp (NTPC) and Hindustan Petroleum Corp (HPCL) have hit the syndicated loan market with separate requests for proposals.