State Bank of India SBI
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Aditya Birla Group unit Novelis wound up a $1.8bn Asian refinancing of its US term loan B at the end of March, with eight banks joining during general syndication. -
ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, has selected three banks for a $500m term loan to replace a bridge from last year. The oil firm is also raising funds in yen, and has picked two Japanese lenders for the financing, said a source.
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State Bank of India was out in the debt market again on Monday, pricing a $100m tap of the three year floating rate notes it sold last Thursday.
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Indonesia Eximbank and State Bank of India each secured $500m bonds on Thursday, offering investors some alternative to the Greater Chinese names that blasted into the market.
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Ahalia Hospital in the UAE has signed an Dh420m ($114m) syndicated loan to refinance one taken out last year, according to a banker on the deal.
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Indonesia Eximbank and State Bank of India launched new dollar deals on Thursday, in a busy Asian debt market ahead of a holiday-filled April.
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India’s divestment body is hunting for firms to manage New India Assurance Co’s IPO, one of five state-owned insurers the government plans to take public.
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Cochin Shipyard has submitted a draft prospectus with India’s market regulator for approval for its IPO, hiring three firms to run its deal.
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General Insurance Corp of India (GIC Re) has started inviting banks to pitch for a role in its IPO, making it the first state-owned insurer to issue a request for proposals.
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United Bank of India has set the floor price for its Rp15bn ($229.1m) qualified institutional placement, which has been in the works for over a year.
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State Bank of India and mortgage firm Housing Development Finance Corp are both planning offshore bonds this year, with the former eyeing foreign currency and the latter rupee.
