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New Delhi advisers propose corporate debt reform

September 04, 2010  

From Daniel Flatt

An advisory group to the Indian government has drafted a document that advocates cutting red tape around foreign investment into the corporate bond market. If implemented its suggestions could revolutionise corporate bond issuance in the country.

An Indian working group charged with offering ideas to restructure foreign investment regulations has recommended reforming the country’s stunted corporate debt market.

The Working Group on Foreign Investment submitted a 133-page document to India’s Ministry of Finance this week...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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