Bank of America

The $205m loan for Khopoli Investments, a subsidiary of Tata Power, has netted a chunky commitment from State Bank of India at the top level.

Amid critical times for Argentina’s status in debt capital markets, dairy company Mastellone Hermanos brought the country its fourth international issuer since 2012 with a bond that, though small, bankers on the deal claimed was a landmark.

A merger of the coffee businesses of DE Master Blenders and Mondelez International, backed by €7.5bn of debt, could take up to 12 months to complete, prompting some investors to question whether returns on financing the deal are worth the wait.

Three Latin American borrowers started roadshows with bond investors this week as bankers’ predictions that the football World Cup would lead to a slowdown in new issue activity were proven false.

Bank of America Merrill Lynch has hired Rahul Srinivasan to its leveraged finance team in London, but is keeping a lean team in the event of a market slowdown, GlobalCapital understands.

A merger of the coffee businesses of DE Master Blenders and Mondelez International backed by €7.5bn of debt could take up to 12 months to complete, prompting some investors to question whether returns on financing the deal are worth the wait.

The Republic of the Philippines and the Republic of Indonesia are meeting investors in Europe over the next two weeks as the euro market continues to be an attractive source of funding for Asian borrowers.

China City Construction (International) made its debut in international markets on Wednesday. Despite drawing a well subscribed order book for the Rmb2.5bn ($405m) issue, the state owned borrower wanted to leave some money on the table to ensure good secondary performance.

Dairy company Mastellone Hermanos is set to become the second Argentine issuer after oil company YPF to raise new money in international markets this year as it looks to price a $200m seven year non-call four deal on Thursday.

China Construction Bank (Asia) priced its second dollar deal of the year on Tuesday. Wanting to extend its curve in the currency, the borrower was met with a boisterous investor response that drove pricing for the five year issue inside where dealers saw fair value.

China City Construction (International) unveiled its inaugural bond in international markets on Wednesday, offering investors a three year offshore renminbi deal.

Tesco, the UK supermarket group, launched its first bonds since November today, raising €2bn in a successful deal that showed bond investors are not worried by the torrid time the company is having operationally.