HSBC

Logan Property Holdings launched its debut transaction in international markets on Tuesday with a five year non call three dollar issue. Although the non-investment grade developer is a relatively new name, it ranks well among Chinese property companies for financial health, and the deal is said to have gotten off to a solid start.

AS Watson, the retail and manufacturing arm of Hong Kong conglomerate Hutchison Whampoa, signed its HK$15bn ($1.93bn) loan on May 22 with a total of 22 banks, with lenders putting in their commitments in either Hong Kong dollars or euros.

Bharat Petroleum Corp’s syndicated loan for $300m has closed, with the three year deal allocated between 12 lenders.

Chinese company Hilong Holding has wrapped up only its second syndicated loan, increasing the four year deal to $100m from the launch size of $80m.

Haitong International Securities Group signed the documents for its loan of HK$3.34bn ($431m) on Friday, May 23, managing to more than double the deal from the launch size of HK$1.5bn.

Syndicate Bank is meeting with investors for a proposed dollar bond. It will be the Indian issuer’s first appearance in the market since September 2012.

Vitol’s self-arranged $2.05bn loan to fund the acquisition of Royal Dutch Shell’s Australian business has wrapped up with commitments from 18 lenders.

Chinese leasing company UT Capital made its debut in international bond markets on Thursday with a three year dim sum backed by a keepwell agreement from parent Haitong Securities.

KGI International Holdings, the offshore holding company of Taiwan’s KGI Securities, has closed its loan at an increased size of $150m, thanks to domestic Taiwanese lenders taking up a large chunk of the lower level of the deal.

Nan Fung International Holdings printed its first bond in the dollar market since September 2012 on Thursday. A small deal size and agile timing drove pricing for the investment grade Hong Kong developer’s 10 year issue deep inside its existing curve.

Pertamina priced the largest single tranche 30 year dollar bond from an Asian corporate issuer in the earlier hours of Friday morning. Despite not announcing the deal until 2:30pm HKT the day before, books built well and investor appetite for Indonesian credits drove pricing through the issuer’s existing curve.

The mandated lead arranger and bookrunner group for Philippine shopping mall operator SM Prime Holdings’ $300m fundraising has expanded with seven banks now at the top level.