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Bankers in the Philippines are predicting an uptick in bond issuance from local lenders after the country’s central bank dropped a rule requiring prior approval for debt sales.
Coastal Gujarat Power is planning to raise Rs27bn (US$389m) from a two-tranche domestic bond issue, according to market sources.
Jayen Shah, head of debt capital markets, has resigned from IDFC Bank after leading the team for almost seven years.