Trades in HDFC and Maybank raise a combined $2 billion

Carlyle exits HDFC through an $838 million block, while Maybank taps the market for $1.19 billion of fresh capital through Malaysia’s largest ever overnight trade.
<div style="text-align: left;">
The HDFC deal removed an overhang caused by Carlyle’s residual position
</div>
<div style="text-align: left;"> The HDFC deal removed an overhang caused by Carlyle’s residual position </div>

The Asian equity capital markets got hit with more than $2 billion worth of financial paper at the end of last week, but thanks to significant domestic demand and a rigorous wall-crossing activity in the case of one of the deals, the market had no problem absorbing the stock. Never mind that the two transactions came in a week when Hong Kong was closed on Monday and Tuesday and the monthly US payrolls report was due late Friday.

First out was US private equity firm Carlyle, which sold its remaining stake in India’s Housing Development and Financing Corp HDFC through a Rs43.32 billion $838 million block trade. The deal...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222