South Asia

Delhi International Airport (Dial) offered investors a rare 10 year high yield bond on Tuesday, securing the company $350m from a more than six times subscribed order book.

India’s Mahindra & Mahindra Financial Services has launched its first offshore loan through three banks.

Reliance Capital is eyeing at least Rp7bn ($100m) from a sell-down of a chunk of Reliance Nippon Life Asset Management stock.

Tata Motors Finance, a subsidiary of India’s Tata Motors, is tapping the offshore market for the first time as it looks to close on a $60m facility.

India’s Department of Investment and Public Asset Management (Dipam) is seeking banks to lead the IPO of broadband group RailTel Corp of India, according to a filing on its website.

SG moves London banker to run Asia syndicate team — Citi loses head of India DCM — ANZ loans banker to relocate to Singapore — MSCI names Korea client head.

Indiabulls Housing Finance raised $350m in its debut dollar transaction on Tuesday.

Neville Fernandes has left his position as the head of debt capital markets for India at Citi.

India’s Piramal Enterprises and the Canada Pension Plan Investment Board (CPPIB) are planning to co-sponsor an India-based infrastructure investment trust (InvIT).

Standard Life has raised $202.5m after completing a sale of 36m shares in Indian insurer HDFC Life Insurance.

The Islamic Republic of Pakistan’s sovereign bonds were among the best performers in high yield Asian debt in dollars last week, as the country neared an agreement with the International Monetary Fund (IMF) for a bailout.

Indian life insurer HDFC Life Insurance (HDFC Life) has launched its second sell-down within two months.