Mizuho

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.

Turk Eximbank is in the market for a one year refinancing but has added a two year tranche to the deal, say bankers.

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.

BNP Paribas has named Philippe Noirot as the head of country for South Korea and CEO for its Seoul branch.

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.

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.