Mizuho

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.

Indonesia Eximbank has received a stellar response during syndication for its latest loan, with commitments totalling $792.5m pouring in from 38 lenders so far. A lack of deals from sovereign backed Indonesian borrowers and an overall fall in pricing for such credits propelled the loan to success, said bankers.

CLP Power Hong Kong opened the books to a 10 year dollar offering on the morning April 27, one year after issuing its first subordinated bond.

Indonesian oil and gas company Pertamina has asked banks to review covenants on a loan it wrapped up in February, as future capital expenditure requirements might make it difficult for it to stick to the existing conditions.

Post-crisis pressure on Western banks and faltering domestic returns are pushing Japanese banks to be increasingly aggressive overseas. Buying up swathes of assets and an energetic hiring spree have helped put Japan's biggest lenders in a position that they have not enjoyed for years, as Peter McGill reports.

US plastics manufacturer Trinseo on Thursday priced $700m of senior unsecured bonds in dollars and euros, saving at least 200bp compared with the interest on the 8.75% bond the company wants to repay.

Finnish sporting goods company Amer Sports has signed a dual tranche Schuldschein financing to access investors in Asia and Europe.

Investors welcomed the return of Industrial Bank of Korea (IBK) in the dollar bond market on April 16, happy to get their hands on one of the less active policy banks. Pleased with the quality of the order book and the pricing level, the issuer decided to increase the size to $700m.