The SBI issue is the largest US dollar 5-year Reg S bond issuance by an Asian issuer in 2023
State Bank of India
Latest in State Bank of India
Aviation
South American group expresses interest in grounded Jet Airways
Rio de Janeiro-headquartered Synergy Group is a majority stakeholder in the Colombian carrier Avianca Holdings
Cash-strapped Jet Airways
Three parties interested in debt-ridden Jet Airways
Grounded debt-ridden Indian airline Jet Airways has received expressions of interest from two financial investors and another global company
Banking sector
India’s largest commercial bank cuts interest rates
State Bank of India’s move may affect millions of Gulf-based non-resident Indians
Aviation
Insolvency administrator invites resolution plans for Jet Airways
Jet Airways fell victim to a cut-throat price war initiated by a slew of budget carriers and eventually defaulted to banks, staff and lessor
Indian economy
State Bank of India reveals deal to spur infrastructure investment
Agreement with the National Investment and Infrastructure Fund comes amid reports about an alarming fall in new project investments
Cash-strapped Jet Airways
Jet Airways lenders to go to bankruptcy court
Lenders to crippled Jet Airways say they would start bankruptcy court proceedings after failing to find buyer
Cash-strapped Jet Airways
Indian govt injects new optimism over Jet Airways future
The National Investment and Infrastructure Fund (NIIF), India’s sovereign wealth fund, may also be willing to invest in Jet
Abu Dhabi
Jet Airways investors seek massive write-down on debt
The investors are reportedly eyeing up to 75% reduction in debt by the banks on Jet Airway’s debt
Abu Dhabi
Britain’s Hinduja brothers consider bid for India’s Jet Airways
State Bank of India is seeking to sell a majority stake and has received two unsolicited bids and a conditional offer from Etihad Airways of Abu Dhabi
Aviation
CEO of Etihad-backed Jet Airways quits as crisis deepens
Heavily indebted Indian airline, which last month suspended all operations, says chief executive Vinay Dube resigned due to ‘personal reasons’
Abu Dhabi
Jet Airways future remains grounded as banks seek investors
Etihad Airways has said it can only invest up to $242m in Jet Airways
Aviation
Etihad-backed Jet Airways gets two unsolicited bids
Hopes rise for the revival of India’s debt-laden carrier Jet Airways which was forced to ground its entire fleet last month
Abu Dhabi
With bidders shortlisted, what’s next for India’s Jet Airways?
SBI Capital, which is overseeing the sale process of Jet Airways, scotched reports about new investors showing interest in acquiring the airline
Aviation
State Bank of India to seek more flexibility in finding Jet Airways solution
Etihad Airways is one of the four bidders currently in the fray to acquire stake/additional stake in the carrier
Cash-strapped Jet Airways
India’s Jet Airways extends grounding of international flights
Jet Airways management to hold urgent meeting on Tuesday to take guidance on the future course of action
Etihad Airways
Stricken Jet Airways lenders to decide on emergency cash
Thousands of passengers have been stranded in recent days after the airline, which has debts of more than $1bn, cancelled all international flights as it cannot pay its bills