Mizuho
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Turk Eximbank is in the market for a one year refinancing but has added a two year tranche to the deal, say bankers.
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Quanta Computer subsidiary Quanta International, which launched a dual tranche borrowing into general in March, has signed the facility at an increased size of $900m after fully exercising a greenshoe option.
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BNP Paribas has named Philippe Noirot as the head of country for South Korea and CEO for its Seoul branch.
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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. While the deal got past the finish line, bankers on the loan said the response was tepid.
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A $100m loan for Indomobil Finance Indonesia, which launched into general syndication on April 14, has seen commitments of 1.6x in general syndication. Banks that missed out on participating in the company’s last deal are eager to get a piece this time, driving up the numbers.
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India's Rural Electrification Corp (REC) has wound 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.
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Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.
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The Philippines’ largest bank — BDO Unibank — is in the market to raise $350m in a deal led by half a dozen mandated lead arrangers and bookrunners. The bank is the latest among a string of financial institutions out of the country to go offshore for dollars. Bankers expect more activity of this kind, as Philippine lenders look to fund their fast growing economy.
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Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.
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Akbank is set for its second ground breaking loan of 2015, with the bank readying to launch a three year deal on Tuesday.
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GlobalCapital presents its annual Corporate Bond Awards 2015. These Awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, investment banks and rating agencies in the European high yield market between May 2014 and April 2015. GlobalCapital congratulates all the winners and nominees.
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China Steel Corp hunts for $400m — AerCap holds bank meeting — Air India picks two — Indomobil gets three