ANZ

India’s Reliance Industries has selected a group of 13 lenders for a $1bn loan that will refinance a borrowing raised in 2010.

Ford Motor Credit (FMC) made a rare appearance in the Australian dollar market on Thursday with a three year bond, as borrowers more familiar with the market hope for a stunning run of primary activity next year. Luka Dimitrov reports.

A $1.5bn refinancing for Tata Steel has finally been opened into syndication, with invitations going out to a limited number of banks on Thursday. The company’s Singaporean subsidiary is raising the loan, which offers lenders an added incentive if they book the deal in the country.

ICBC Sydney printed its first dollar bond on November 30, raising $300m from a trade that was more than three times covered.

BoC Aviation has wrapped up its latest borrowing at a bigger size of $500m as banks from across Asia poured into the transaction.

Doosan Power Systems (DPS) and the Sydney branch of Industrial and Commercial Bank of China started attracting interest from bond investors on November 30, opening books for their respective dollar deals.

In this round-up, ANZ launches free trade units in the Shanghai FTZ, RMB deposits drop in Macau and Taiwan, ECB and PBoC complete testing of swap line, JP Morgan starts RMB money market fund transfer solution, and China might begin a RMB fund in collaboration with CEE countries. Plus, a recap of our top stories this week.

Birla Carbon and Fiat India have launched their respective dollar loans into syndication, with the former seeking $925m and the latter $250m.

India’s Reliance Industries signed its $1.47bn dual-currency loan on November 20 in Dubai, sealing the deal after commitments from a 30-strong group lenders.

Asia's green financing market received a boost this week with IDBI Bank bringing India’s second dollar-denominated bond. Market participants expect the deal to be followed by more such trades from the country.

India’s Reliance Industries signed its $1.47bn dual-currency loan at the end of last week in Dubai, with the deal sealed following commitments from a group of around 30 lenders.

A $200m loan for China Water Affairs Group has been launched, with the Asian Development Bank providing half the fundraising and the remainder to come from lenders in syndication.