IndiGrid prices second Indian infrastructure trust

Anders Svensson is joining the bank in Sydney from Morgan Stanley.

The US banking giant’s infrastructure arm has agreed to acquire the Australian gas pipeline operator. In another deal, Aberdeen Investments and ACCIONA have set-up a SPV for a New Zealand motorway project.

Secondary market buffer priced in to make sure the new asset class is a success.

Falling interest rates should be good news for India's prospective new asset class — infrastructure investment trusts — as long as issuers price the first few deals to perform.

India’s largest mutual fund manager was oversubscribed but made a modest debut, as Reliance Jio and NSE prepare to go public; however, higher oil prices could weigh on investor demand.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.