DBS

BMW Automotive Finance (China) Co has tapped China’s auto loan asset-backed securities (ABS) market for the second time this year. The German carmaker bagged Rmb4bn ($595.4m) on August 8, less than a week after another foreign automaker, Nissan’s China joint venture, hit the market.

Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has opened its $250m loan to retail participants through a group of six banks.

India's Vedanta Resources extended its maturity profile further this week with its second tender plus new money deal of the year. The issuer opted for size over price, leaving a little something on the table for investors.

China Chengtong Holdings Group priced its inaugural $500m bond on Tuesday, hitting the market as it transitions under a pilot programme for state-owned enterprises. Investors debated fair value for an unrated credit that is somewhere between a corporate and a financial, reports Morgan Davis.

Dubai’s state-owned energy group Emirates National Oil Co (Enoc) has secured a $500m revolving credit facility from a club of seven banks to fund its growth plans for Dubai's coming Expo 2020.

HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties to parent HNA Group, which is feeling the heat from Chinese regulators. Jonathan Breen reports.

Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.

China Chengtong Holdings Group debuted in the debt market on Tuesday, sealing a tight $500m deal as the state-owned operating company transitions to a new entity. But its foray wasn’t without questions, as bankers and investors debated the unrated credit’s status as a corporate or a financial.

HNA Commercial Reit is searching for arrangers for its Singapore IPO after Bank of America Merrill Lynch pulled out from the deal. But the real estate investment trust’s listing may have to wait until its troubled parent can rebuild confidence in its name, said a source close to the transaction.

China Chengtong Holdings Group, a pilot state-owned operating company, is offering investors a taste of its inaugural deal, launching a five year bullet on Tuesday.

Mining company Vedanta Resources is making a rapid return to loans, mandating five banks for a deal of around $500m while simultaneously wooing investors for a dollar bond.

State Bank of India’s new $750m five year financing has been launched into syndication after a 10-strong bookrunner group funded the transaction.