Mizuho

Mizuho Bank is expected to launch its inaugural bond in the Thai baht market on Wednesday, a few days later than planned as the borrower awaits orders from a key investor. The deal will be the first to be printed under a new pan-Asian initiative designed to streamline debt issuance.

Commodities trader Mercuria is back in the market for its annual refinancing, launching a $900m triple tranche revolver into general syndication late last week.

Mizuho International’s European head of high yield credit trading has left the job at the bank and will not be replaced.

Mizuho has hired Richard Thompson as co-head of US private placements.

Auto finance companies are taking the Chinese ABS market by storm this year with SAIC-GMAC adding to the surging volumes with a Rmb3bn ($471m) transaction this week. Even though pricing came just slightly above the middle of guidance, bankers on the trade said it was a level the company was more than happy to take.

Philippines’ Petron Corp, which recently amended covenants on a 2014 borrowing, has hit the market for a $550m refinancing that was funded in July.

Barclays began marketing a multi-tranche Samurai trade on Monday, as some FIG bankers claimed European banks were still baulking at the new issue premiums being offered by US visitors to the euro market.

ONGC Videsh,the international arm of India’s Oil and Natural Gas Corp, has sent out a request for proposals for a $750m refinancing with an undisclosed greenshoe.

A $240m dividend recapitalisation loan for Asia Satellite Telecommunications' (AsiaSat) sponsor Carlyle has seen seven banks commit so far, with one more lender awaited.

Taiwanese leasing company Chailease International Financial Service is considering raising the size of its borrowing marginally to $130m, after six banks joined the deal during syndication.

Mizuho has bolstered its corporate acquisition finance team with a new hire as it strengthens its Asian capabilities.

It has only been underway for one year, but the Chinese auto ABS market has already raced ahead with volumes surging. A new deal from SAIC-GMAC Automotive Finance has now appeared with the company looking to securitize Rmb3bn ($469m) worth of auto loans next month.