South Asia

Sri Lanka's sovereign bonds traded wider on Monday morning following the country's presidential election that saw Gotabaya Rajapaksa win with a larger-than-expected majority.

India's Adani Transmission wooed investors to a $500m long-dated bond issuance on Thursday, offering them some concession for the amortising nature of the notes.

Natixis adds to green team — SocGen picks new Apac CEO — GS India co-CEO retires

Private equity firms have found plenty of investment opportunities in India this year, with their focus on the country set to increase as the crisis around non-banking financial companies unfolds. This means that leveraged loans bankers are getting ready for more action, writes Pan Yue.

Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.

India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.

India’s Adani Ports and Special Economic Zone (APSEZ) and French oil and gas company Total are jointly raising a $600m loan for a gas project in the south Asian country. Eight banks have already formed the senior lending group, with the leads now seeking commitments in general.

After more than two decades with Goldman Sachs, India co-chief executive officer Vijay Karnani is set to retire at the end of the year, according to a memo seen by GlobalCapital Asia.

State Bank of India is looking to raise about Rp80bn ($1.1bn) by selling a minority stake in SBI Cards’ planned jumbo IPO, according to a banker on the mandate.

Baring Private Equity Asia is seeking a $265m loan to support its acquisition of India’s CitiusTech.

Bajaj Finance, an Indian non-banking financial company, raised Rp84.6bn ($1.2bn) this week from an equity placement that defied the challenges facing the sector. But bankers warn that the deal’s success does not indicate a change in sentiment towards the woe-ridden industry just yet, writes Rashmi Kumar.

Bajaj Finance, an Indian non-bank financial company, raised Rp84.6bn ($1.2bn) this week, closing a qualified institutional placement that defied the challenges facing the sector.