DBS

Chongqing Red Dragonfly Oil has raised a $126m onshore loan with a group of seven lenders joining in syndication.

Indonesian television broadcaster MNC Sky Vision is back in the loan market for a $275m borrowing with two lenders at the top. The company was recently slammed by a credit rating downgrade because of rising leverage and weakening performance.

Taiwanese conglomerate Formosa Plastics Group has increased the size of its latest borrowing to $3.5bn from $2.5bn.

Dutch lender ABN Amro returned to the Singapore dollar bond market for the first time since 2012, raising S$450m ($331m) with a tier two offering.

State Bank of India launched its $500m fundraising into general syndication on Tuesday via eight mandated lead arrangers and bookrunners.

Asia's debt market was crowded on Wednesday with three issuers on the hunt for their respective fundraisings ahead of the Easter holiday.

Indonesia Eximbank, which had been talking to lenders for the past few weeks for a $500m refinancing, has zeroed in on a group of eight lenders for the new club deal.

Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.

ABN Amro is set to launch its second Basel III tier two trade in as many weeks and this time is opting for a Singapore dollar-denominated transaction.

One of the world’s largest port operators PSA International has mandated DBS and Deutsche Bank to run a series of investor meetings this week.

The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

China’s reported intention to introduce a Tobin tax on foreign exchange transactions has provoked a somewhat typical rush of condemnation. However, some analysts are already pointing out that pros and cons might indeed balance each other out.