Mizuho

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.

Yapı Kredi Bank has signed a $1.4bn loan with a syndicate of 48 banks. The loan has tranches with maturities of 367 days and 364 days.

Mizuho and the Lao People's Democratic Republic sovereign have received approval from the Thai Ministry of finance to issue bonds denominated in the Thai currency. The Japanese bank’s baht bond issue will be the first issue of a cross-border bond under the Asean+3 Multicurrency Bond Issuance Framework (AMBIF).

India's Rural Electrification Corp (REC) has extended the deadline for its $400m five year fundraising to give banks more time to process credit approvals. Banks are said to have asked for an extension well in advance of the original deadline.

Li Ka-shing’s Cheung Kong Property is scheduled to sign its reorganisation loan at a reduced size of HK$40bn ($5.16bn) with 28 lenders. The trade, which started out at HK$55bn, was heavily oversubscribed as 28 banks piled in with commitments of at least HK$5bn each.

UBM Group, the UK marketing and communications company, has signed a £400m five year revolving credit facility with its core relationship banks.

Crown European Holdings was back in the euro high yield market on Monday with a €600m deal that will be used to repay its US parent company’s term loan ‘B’.

Mahle, the Stuttgart-based car and lorry parts maker, has hired five banks for a three day bond roadshow starting on May 4, after its annual results are released.