GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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State Bank of India SBI

  • Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.
  • Infibeam is set to be the first e-commerce company to list in India with a deal that could raise Rp4.5bn ($67.9m), but investors have given it a tepid response since books opened on Monday.
  • India's Dewan Housing Finance Corp is tapping the loan market for a $100m financing, three months after it held a non-deal roadshow in Asia.
  • India’s Dewan Housing Finance Corp has hit the loan market for a $100m borrowing, three months after holding a non-deal roadshow in Taipei.
  • India's Chambal Fertilisers and Chemicals has raised a loan of $425m from three lenders and intends to use the money to set up a plant in the country.
  • India raised Rp50.3bn ($739.3m) from a sell-down in NTPC this week as institutional investors pounced on the trade, giving the government’s divestment programme a last minute boost.
  • State Bank of India has picked banks for a fresh $500m fundraising that is expected to launch into syndication in the next couple of weeks.
  • Institutional investors flocked to India’s Rp50.3bn ($739.3m) sell down in NTPC, with the first leg of the trade almost 2x covered, giving the government’s divestment programme an eleventh hour boost.
  • India’s Cochin Shipyard is set to hear pitches from nine local banks for its more than Rp10bn ($147m) IPO on Thursday, from which the state-owned firm will pick up to three lead managers.
  • The Indian government is selling down a 5% stake in state-owned NTPC that could raise at least Rp50.3bn ($739.3m), giving equity capital markets in Asia a much needed shot in the arm.
  • State Bank of India is back in the loan market for a fresh $500m fundraising that is expected to launch into syndication in the next couple of weeks.
  • Cheung Kong Infrastructure Holdings (CKI) is on track for a comeback to the dollar hybrid bond market, while India’s National Thermal Power Corp kicked off bookbuilding for a 10 year Reg S offering on Monday.