DBS
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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.
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Birla Carbon has closed a $1.2bn multi-tranche loan after attracting six participants during senior syndication, according to a banker close to the situation.
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The onshore arm of DBS bagged Rmb3bn ($448.3m) from the Chinese bond market on Tuesday, marking its first trade since 2015 that carries a tenor of more than one year. The transaction was also the second bond from a Singaporean lender in the mainland this year.
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Bank Rakyat Indonesia (BRI) raised $500m from a five year bullet bond on Monday, proving investment grade issuers can still secure deals if the price is right.
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CCB Financial Leasing Corp sold the only dollar bond from Asia ex-Japan this week, raising $400m from a five year floating rate note on Thursday. But bankers and analysts said that the once robust demand for the format is already showing signs of decreasing.
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TVS Logistics has attracted eight participants during the syndication of its latest dual-currency borrowing.
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Singaporean commodities company Vitol Asia has attracted 19 participants to its one year revolving credit facility.
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DBS's Singapore-based syndicate banker Cleaven Yu is set to head up a new debt capital markets origination team in Shanghai from next month.
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Commitments from a 15-strong syndicate group has allowed China’s Kingboard Chemical Holdings to increase its loan to HK$7bn ($892m) from HK$6bn.