Oops…CECA has a private credit problem at home due to tricky collateral issue, how hah?

[k1976]

Record India Private Credit Deal Hinges on Tricky Collateral​

The headquarters of Shapoorji Pallonji Group in Mumbai on May 14.Photographer: Dhiraj Singh/Bloomberg
By Nic Querolo, Saikat Das, and Divya Patil
May 26, 2025 at 6:00 AM GMT+8
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On the surface, India’s record-breaking private credit deal is a milestone for the market.
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https://www.bloomberg.com/professio...gn=trmnl&utm_content=web_dotcom&tactic=794999

 

[k1976]

AMDK banks got one big leg insai India Credit Market

• Along with Deutsche Bank and Barclays, StanChart is one of the more active banks in India’s private credit space. PHOTO: BLOOMBERG

Published Tue, Mar 25, 2025 · 11:27 AM

[SINGAPORE] Standard Chartered (StanChart) is bolstering its private credit business with three new hires in India, said Henrik Raber, global head of global banking.

StanChart recently hired former UBS Group’s Ankit Raghav as director for its leveraged and acquisition finance, and private credit team, Raber said in an e-mailed statement in response to Bloomberg’s queries. Raghav reports to Pritha Majumdar, managing director of the team.

The bank has also appointed Ankit Dokania as director for the same team, and S Siddharth as executive director for private and traded credit. All new hires are based in Mumbai, the e-mail showed.

 

[k1976]

Private credit in India is expanding alongside Prime Minister Narendra Modi’s infrastructure push, which has created a need for middle-market funding in everything from solar power to roads. Such investments in India totalled US$9.2 billion across 163 deals last year, according to an Ernst & Young report.

Along with Deutsche Bank and Barclays, StanChart is one of the more active banks in India’s private credit space. It was one of the arrangers on a 143 billion rupee (S$2.2 billion) bond issued in 2023 via private placement for Goswami Infratech, a Shapoorji Pallonji group company. The issuance is the country’s biggest ever high-yield rupee corporate debt, which pays an 18.75 per cent coupon. BLOOMBERG

 

[k1976]

Recap in Feb25

Record $3.3 Billion India Private Debt Deal Nears for Shapoorji​

• In talks with Ares, Cerberus, Davidson Kempner among others
• Aims to borrow as much as $3.3b in local currency bonds

Mumbai's skyline.
Source: Hindustan Times/Getty Images
By Saikat Das and Nic Querolo
February 13, 2025 at 6:26 PM GMT+8
Updated on
February 13, 2025 at 7:10 PM GMT+8
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India’s Shapoorji Pallonji Group is in advanced talks with top global private credit funds as it aims to raise as much as $3.3 billion in the country’s biggest-ever local currency private debt deal, according to people familiar with the matter.

Investors in discussion for the deal include Cerberus Capital Management LP, Davidson Kempner Capital Management and Varde Partners LP, said the people who asked not to be identified discussing private information.

https://www.bloomberg.com/tips/

 

[k1976]

About 8 weeks ago…

FUND FLOWS18 MAR, 2025

Private banks positive on India despite $12bn foreign investor outflows​

Lombard Odier believes the sell-off in Indian equities provides a 'buying opportunity', with HSBC expecting recovering economic growth to 'backstop' corporate earnings falls.​

BYPRIYANKA BOGHANI

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Hong Kong and Singapore private banks remain positive on Indian equities, despite the ongoing stock market sell-off and $12bn outflows from foreign portfolio investors (FPIs).

This latest investor exodus has been triggered by the concerns about US tariffs sparking risk aversion and recent ‘lacklustre’ corporate earnings updates.

In the first week of March, foreign investors pulled INR 24,753 crore ($2.7bn) from the market, following on from FPI outflows of INR 78,027 crore and INR 34,574 in January and February, respectively.

 

[Hightech88]

This shithole (literally) cuntry should be just left to rot.

 

[myfoot123]

Whore Jinx will come to the rescue by injecting more of sinkies funds into CECA coffer.