Mizuho

Korea Development Bank (KDB) snagged tight pricing for its $1.5bn dual-tranche bond, completing one of the first deals of the year in Asia. Some accounts stayed away citing expensive pricing and geopolitical concerns, but investors still thronged to the credit, viewing it as a defensive play amid high volatility.

A member of Mizuho International’s bond syndicate team has left the firm.

Hong Kong real estate giant Swire Properties and the Korea Development Bank have launched the first investment grade bonds from Asia for 2016, opening books for dollar-denominated transactions on January 6.

A $600m loan for the upstream oil and gas arm of Perusahaan Gas Negara (PGN) has seen commitments worth $100m come in so far.

Turk Telekom has secured a $150m equivalent 10 year loan from two banks and the Canadian export credit agency (EDC), after loans to the telecommunications sector stalled in 2015.

Automotive company Mazda drew three Japanese banks to its €500m refinancing facility in late December, allocating over half of the deal to two of them, according to a loan official with knowledge of the deal.

Asia’s debt capital market is set for a busy start to the year with both repeat and debut issuers looking to sell dollar offerings as early as this week.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

A $200m equivalent borrowing for Yue Xiu Enterprises has been launched into syndication with one bank at the helm.

Chinese technology firm Tencent Holdings has closed its borrowing at $2.45bn, nearly double the original launch size.

State Bank of India’s $500m loan has been allocated among 14 lenders, with signing scheduled for this week.

Italian oil drilling company Saipem has revealed its bank group following the company's debut loan syndication.