Mizuho

As part of plans to grow its derivatives business, Mizuho International has begun to clear euro and dollar interest rate trades through LCH.Clearnet’s SwapClear.

Taiwanese conglomerate Formosa Plastics Group has launched a $2.5bn dual tranche loan into syndication.

Medical equipment maker Nipro launched on Wednesday the first of this year’s Japanese convertibles sold outside Japan, and found keen demand, with a seven times oversubscription.

United Asia Finance (UAF) has started approaching banks for a new syndicated loan, as the Sun Hung Kai owned borrower returns to the market after nearly a year.

A $1.775bn loan for ONGC Videsh, the international arm of India’s Oil and Natural Gas Corp, has gone into general syndication, offering incoming banks all-ins below 112bp.

Webhelp, the French call centre operator, was one of three companies who held bank meetings on Tuesday for leveraged loans. The €640m of first lien debt finances Webhelp’s acquisition by KKR from Charterhouse Capital Partners.

Saudi Electricity Company (SEC) has completed a Sr7.75bn ($2bn) package of loans by signing a $1.4bn three year revolving credit facility in London this week.

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.