State Bank of India SBI

Indian mortgage lender HDFC is seeking $375m five year money in general syndication and is set to receive the entire loan from the leads this week.

Indian mortgage lender HDFC has launched a $375m five year loan into general syndication and is poised to receive the entire amount from the leads this week.

Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.

Indian mortgage lender HDFC is close to signing up lenders for a $375m borrowing, according to two sources.

A $425m loan for India’s Chambal Fertilisers and Chemicals is in limited syndication, with invitations sent to just two or three lenders.

Indian mortgage lender HDFC is in the final stages of signing up lenders for a $375m borrowing, according to two sources.

A multi-currency loan for Sino Horizon Holdings has been launched into syndication via one bank. But as the facility size is relatively small, not all lenders will be able to get a piece of the deal.

The limited syndication process for a multi-currency financing for affiliates of Sino Horizon has begun with one bank at the helm.

Indian non-bank lender Hinduja Leyland Finance has filed a draft prospectus for an IPO that will raise at least Rp5bn ($75m) in primary proceeds.

Infibeam, India’s first e-commerce firm to list, has priced its Rp4.5bn ($67.9m) IPO at the top end of its marketing range, defying criticism about how the deal was executed.

Infibeam is on track to become India’s first IPO from the e-commerce sector, with its Rp4.5bn ($67.9m) deal closing books this week. But the listing that was supposed to be a trailblazer has come in for criticism, as bankers traded barbs over whether the issuer made the right call on pricing and timing. John Loh reports.

State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.