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HDFC Bank mulls relying on India in $2.3bn share sale

Bloomberg HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as 155 billion rupees ($2.3 billion), people with knowledge of the matter said. The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual ...

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Moody’s upgrades UBS wealth management business credit rating

Bloomberg UBS Group AG had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth management business should help the lender weather a market downturn. The long-term issuer and senior unsecured debt ratings of UBS AG, which comprises the main banking and wealth management businesses of UBS, were raised one ...

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Credit Suisse to tap leveraged loan market

Bloomberg Credit Suisse Group AG is betting that the leveraged loan market can continue its explosive growth over recent years, as buyout firms sitting on unprecedented levels of capital look to maximise their firepower over the next few years. “There is over a trillion dollars of capital committed to private equity firms that has yet to be deployed,” David Miller, ...

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