Mizuho

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China Steel Corp hunts for $400m — AerCap holds bank meeting — Air India picks two — Indomobil gets three

Indonesia Eximbank has sealed its latest loan at $1bn, exercising a $250m greenshoe option after general syndication saw 38 firms pile in.

Indomobil Finance Indonesia, which launched a $100m fundraising into general syndication on April 14, has already netted $40 in commitments.

The US high-grade market continued its hot streak this week, with more than $23bn of new corporate deals being priced in three days despite heightened volatility.

Volatile markets this week did not deter German car parts maker Mahle from issuing a bond on Wednesday, and it drew plenty of interest for the seven year deal.

Reliance Jio Infocomm, which wrapped up a $1.5bn dual tranche loan in November, has signed a $750m 12 year facility backed by Korea Trade Insurance Corporation (K-sure).

Huawei Technologies has launched its $1.2bn five year fundraising into general syndication, after firming up 12 mandated lead arrangers and bookrunners.

Volatile markets all this week did not deter German car parts maker Mahle from issuing a bond on Wednesday, and it drew plenty of interest for a new seven year print.

News reports on Monday afternoon that Greece had authorised a debt repayment to the International Monetary Fund are likely to help clear out some of the corporate bond market’s busy pipeline.

Japanese lender Mizuho is leading the way for an Asian Development Bank (ADB) initiative that allows borrowers to issue local currency bonds in most jurisdictions in Asia using a uniform set of documentation. While many details still need to be ironed out, market observers are confident this could herald an increase in cross-border issuance within the region, writes Christina Khouri.

Leveraged finance bankers at a recent industry event were upbeat about the scope for a pick-up in Asia cross-border M&A, which they see revitalising the flaccid leveraged finance activity so far this year. However, there is a debate over whether Asian banks are any closer to offering the looser terms available in Europe and the US.