In today’s briefing:
- Coal India Follow-On – Recent Momentum Is Strong but past Deals Haven’t Done Much
- Morning Views Asia: Tata Motors ADR
Coal India Follow-On – Recent Momentum Is Strong but past Deals Haven’t Done Much
- The Government of India is looking to raise up to US$540m via selling around 3% of Coal India.
- This will be the third divestment by the Government since 2015 and the past two deals didn’t end up doing much.
- In this note, we will talk about the placement and run the deal through our ECM framework.
Morning Views Asia: Tata Motors ADR
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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