Bank of America

Taqa used the strategy of a capped size and fair starting point for price talk to print its $750m 10 year bond 10bp inside its outstanding curve on Tuesday, according to a lead manager. It built a $4.55bn book in the process.

Tata Motors priced a $300m seven year bullet through its subsidiary TML Holdings on Wednesday. The borrowing entity's ownership of Jaguar Land Rover Automotive was seen as bolstering investor support for the credit, enabling the issuer to come tight with what was its first dollar deal.

Philippine giant San Miguel Group’s latest bond offering came in the form of a perpetual non-call 5.5 this week from SMC Global Power Holdings. The deal was priced on Tuesday just wide of sister company Petron’s similarly structured perp.

Asia’s top refiner, China Petroleum & Chemical Corporation (Sinopec), has picked Bank of America Merrill Lynch, CICC, Citic Securities and Deutsche Bank to advise on the restructuring of its retail unit, the company announced on April 24.

SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, with a large number of banks piling in.

AS Watson, the retail and manufacturing arm of Hong Kong conglomerate Hutchison Whampoa, is speaking with banks for a HK$15bn loan ($1.93bn) and is counting on its relationship banks to take the deal forward. But bankers are already speculating that the transaction will not be an easy one, owing to the slim margin of 85bp over dollar Libor.

Lenovo's lack of a rating is not putting investors off the new five year bond that it kicked off on Tuesday, although bankers reckon that the issuer will have to pay up a little. By late afternoon in Hong Kong, the Chinese computer giant had already amassed $2bn of orders for its five year bond, which is due to price overnight.

Korea Land & Housing Corp opted for an innovative 3.25 year tenor for its new bond in a bid to offer investors a pick-up over recent three year paper from Korean SOEs and to stand out in a month that has seen record levels of issuance.

Korea Resources Corporation (KoRes) opened books for a five year transaction on Tuesday morning as the issuer looks to repay a project financing facility for a mining project in Mexico.

San Miguel Corporation’s Global Power Holdings opened books on a new hybrid bond on Tuesday morning, with guidance on the perpetual non call 5.5 bond set at 7.625% area. Bankers have indicated that the borrower is looking to do a benchmark size transaction.

China Cinda Asset Management is seeking its first dollar bond as it meets investors this week and next. It is the second Chinese bad debt management firm to hit the market after China Orient Asset Management issued $600m last September.

Coca-Cola Enterprises launched a small bond issue of €250m today that priced exceptionally tightly. That is not unusual for the issuer, but it was helped by the very slight issuance of euro corporate bonds for the past fortnight.