DBS
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Debt syndicate banker Angie Li has joined DBS from Guotai Junan International after two years at the Chinese firm.
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Housing Development Finance Corporation has launched a $750m loan into general syndication, after attracting one extra bank at the senior level.
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Singapore’s Wilmar International has bumped up the size of its dual-tranche borrowing to $1.8bn after attracting 24 participants during syndication.
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State-owned China Merchants Port Holdings Co (CMP) closed a $1.5bn dual-tranche transaction on Monday, attracting a final order book of $8bn. The deal put an end to a months-long drought of 10 year supply by Chinese issuers.
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Chinese internet firm NetEase is tapping the international loan market for the first time, seeking a $500m revolving credit facility.
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Beijing Capital Grand closed a successful $400m floating rate bond on Thursday, after waiting weeks for a market window. But the transaction fell flat in the secondary market after a bookrunner’s withdrawal from the trade spooked investors.
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Reliance Industries has made a quick return to the offshore loan market with a $2.7bn refinancing deal, having picked 17 banks to act as mandated lead arrangers and bookrunners.
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Commodities trader Trafigura is back in the market with a three tranche loan that will be worth around $1.5bn.
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Dongfeng Nissan Auto Finance enjoyed strong support from its traditional investor base — Chinese banks and onshore arms of Japanese banks — as it sold a Rmb4.5bn ($665.7m) securitization on July 19. The deal came as looser onshore liquidity gave banks more cash to buy ABS papers.
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Commodities trader Trafigura has launched a $1.5bn-equivalent dual-currency borrowing into general syndication.
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India’s Housing Development Finance Corp, which is expected to wrap up senior syndication of a $750m loan soon, is gearing up for the next phase of the syndication process.
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Singapore dollar issuance has been moving at a snail’s pace over the past few months as nervous investors opt to keep their hands in their pockets. But a generous slew of upcoming redemptions may change that.