South Asia

Turkish lender Yapi Kredi ventured into the green bond market for the first time on Friday with a rare dollar private placement, its first since January 2016, according to Dealogic data.

After an eventful start to the year, India’s equity capital markets are on track to host a number of deals in the first quarter, with Computer Age Management Services (CAMS) among the latest to file for an IPO.

Yes Bank's share price collapsed in Monday morning trading after the Indian lender’s board of directors approved a potential billion-dollar equity fundraising.

Shriram Transport Finance Co appealed to investors in the US by selling a social bond that flew off the shelves, allowing the Indian non-banking financial company to raise $500m.

Axis sells full Syndicate Bank loan — Onfem boosts size to HK$6bn — Indorent closes $175m borrowing with 13 banks — VPBank wraps up $200m facility — Vingroup attracts 14 lenders

Indian telecommunications giant Bharti Airtel made a splash in the equities market this week, bagging $2bn from a qualified institutional placement (QIP) and $1bn from a convertible bond, the first equity-linked issue in the country in more than two years. Both the deals received a big thumbs-up from investors, reports Jonathan Breen.

Asia’s debt and equity markets made a roaring start to 2020, with dollar bonds flooding the market and companies lining up for IPOs. But the first few days of the new year have also shown that issuers, capital markets bankers and investors should be prepared for some nasty surprises.

India’s National Thermal Power Corp has mandated three lenders for a $300m-equivalent Samurai loan, after sending out a request for proposals last year.

Esaf Small Finance Bank has set the ball rolling for a Rp9.76bn ($135.6m) IPO, which will include fresh equity and a sale of existing stock.

India’s Syndicate Bank has closed its $100m borrowing, with the lead bank selling the entire amount to three participants.

The success of Indian gold financing firm Muthoot Finance’s debut dollar bond sale in 2019 spurred gold loan provider Manappuram Finance to seek funds from the international debt market on Monday.

The Export-Import Bank of India clinched $1bn from a 10 year bond on Monday, riding on investor enthusiasm for deals from the country.