DBS

A $120.6m borrowing to support an acquisition by Indian company Tata AutoComp Systems was signed this week, with 16 lenders joining the two mandated lead arrangers and bookrunners.

China Huarong Asset Management Co sold a $3.4bn-equivalent six-tranche bond in US dollars and Singapore dollars on April 20. The transaction featured many firsts for the issuer, and was part of its efforts to normalise its debt curve.

BPRL seeks SBLC-backed $400m — Singamas nets $270m with latest facility — Tower Bersama allocates among nine

Two commodities companies have rolled out separate syndications into the loan market, with Vitol Asia approaching lenders for $1bn and Gunvor Singapore looking for $800m.

China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.

HCP Global has distributed its $540m facility among 17 banks, with mostly Taiwanese lenders receiving an allocation.

Wilmar International, a Singaporean agricultural firm, sold its first bond in three years on Wednesday.

Industrial and Commercial Bank of China’s Singapore branch sold a dual-tranche floating rate deal on Wednesday, raising $2bn and hitting its pricing goals.

Halcyon Agri Corporation raised $150m on Wednesday from its maiden international bond. The deal was launched in a softer market amid increased volatility sparked by geopolitical events, but the issuer benefitted from its relationship with China’s state-owned Sinochem Group.

China Huarong International Holdings began marketing a four tranche dollar deal on Thursday morning, including two floating rate notes.

Wednesday proved yet another robust day for Asian bonds, with rubber company Halcyon Agri Corporation, Industrial and Commercial Bank of China’ Singapore branch and Chinese developer Times Property Holdings out for funds in the primary market.

Embattled China Hongqiao Group’s banks have given it a reprieve from a credit crunch, after consenting to a covenant waiver on its $700m syndicated loan.