Christie Ou
The duo is issuing a $132m mezzanine loan to a solar platform in India. The partnership has doled out over $1bn to infrastructure projects in the country since its formation in 2014.
.jpg?id=12885345733 "IFC readies $60m for China’s CHG")
The senior loan and equity investment will be used to lend to affordable housing projects in China.
KKR plans to pool capital from two funds to purchase stressed assets in India through a partnership with the Indian International Asset Reconstruction Company.
The investment from Fairfax will reduce INR 2000 crore of GVK’s debt burden and save the interest cost to around INR 300 crore per annum.
HSBC has elevated Hitendra Dave to the head of banking and markets for India. His responsibilities will expand to corporate banking, capital finance and financial institutions.
.jpg?id=12885345356 "TPG excited about India’s distressed market")
The Indian government wants to clean up $130 billion in distressed assets by relaxing foreign direct investment rules.
.jpg?id=12885345128 "Kaisa’s new proposal wins over 80% support")
The troubled-Chinese developer finally looks like its $2.6 billion debt restructuring could move ahead after further modifying the proposed terms.
Pranay Gupta joins Fullerton as the head of multi-asset strategies to enhance returns amid increasing volatility.
The underperforming commodity trader Noble swung to a net loss of $1.67bn in 2015 which was its first annual loss in nearly 20 years, battered by a $1.2bn write-down on weak coal prices, Reuters reported.
Indian asset reconstruction companies have added approximately $6 billion in assets under management on the back of key regulatory changes in the last 24 months and JC Flowers is the latest foreign manager to jump into the sector.