Mizuho

Korea Gas Corp (KoGas) mandated six banks as the company gears up for a benchmark sized return to the dollar bond market next month.

Singapore Telecommunications (Singtel) raised $500m through a 10 year bond on June 23, pulling off a big coup by not only pricing the deal tightly but also finding an opportune window to execute its trade.

Export-Import Bank of Korea (Kexim) completed its return to dollars in style this week, selling a SEC registered dual tranche deal that drew over $2bn of demand. Amid a high level of volatility due to concerns over Greece, bankers chose a good window for the Korean policy bank, which was able to meet its size and pricing goals.

A trio of investment grade names launched new deals on Tuesday as Asian bond bankers were bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with creditors later this week. But they believe the market is still volatile and as a result only strong high grade names will be able to get deals done.

Indomobil Finance Indonesia has tripled the size of its facility to $300m following rousing demand from banks, with the syndicate group seeing no scaleback in their final holds.

Export-Import Bank of Korea (Kexim) has mandated seven banks to work on its return to the dollar bond market which could be as early as this week.

Mizuho International has brought in a new head of fixed income trading in London, with its previous head moving to another senior job within the bank.

Tokai Holdings Corp, a diversified, but small and localised Japanese company, launched its first convertible bond on Tuesday June 9, raising ¥10bn ($80m) from investors outside Japan.

Attempts by Turkish banks to go beyond the standard one year refinancing have gathered momentum, with Turk Eximbank joining Akbank in offering a longer tenor.

Two Japanese companies joined in the active convertible new issue market this week: condominium developer Iida Group and Edion, an electricals and electronics retail chain.

India's Rural Electrification Corp (REC) has wrapped up its $400m five year fundraising, with nine banks coming in during general syndication. Incoming lenders ended up with roughly 35% of their original commitments as the leads had limited sell-down targets.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has been allocated, with seven lenders joining in general syndication. When the loan was launched, market participants saw it as a litmus test for retail demand for three year state owned Indian assets. But while the deal got over the finish line, bankers on the loan said the response was tepid.