Mizuho

A $3.1bn piece of Tata Steel’s $5.6bn multi-trancher was signed in December with 34 lenders. The deal has been singled out for praise by many loans bankers for its structuring that led to success despite the borrower operating in the troubled steel sector.

Enel, Italy's leading power company, announced on Wednesday that it would issue a benchmark 10 year bond in an exchange offer for up to €5.5bn of existing bonds, as part of a liability management exercise. The transaction is meant to extend Enel's maturity profile.

After a flurry of mid-market leveraged financings, investors are now preparing for the first large cap deal of the new year. SIG Combibloc, the Swiss drinks carton maker, has invited lenders to bank meetings in London and New York.

India’s Bharat Petroleum Corp (BPCL) and Steel Authority of India (Sail) have mandated one Japanese bank each for their loans, according to bankers.

Investment grade corporate bond issuance soared on Wednesday with a €1.75bn ($2.03bn) dual tranche deal from Toyota Motor Credit; benchmark bonds from Iberdrola and Evonik; and debuts from US Reit WP Carey, and UK charity the Wellcome Trust. In total, €4bn of bonds were issued.

Indonesian automobile consumer financer Federal International Finance (FIF) signed a $225m loan in December. The syndicate for the loan, which was led by HSBC and Mizuho and came with a guarantee from the Japan Bank for International Co-operation, consisted entirely of Japanese lenders.

Gas Natural, the Spanish gas and electricity company, issued a €500m 10 year bond on Tuesday, attracting €4bn of orders and paying a minimal new issue premium.

Pirelli, the Italian tyre maker, has revved up the year's loan market business with a €1bn facility signed last week, that the company said was three times oversubscribed.

Shanghai Jin Jiang International Hotels has wrapped up syndication of a $250m three year term loan with a group of five banks.

Port services provider Pelabuhan Indonesia II’s (Pelindo II) has asked banks lending to a $1bn loan to accept looser covenants on the borrowing. The changes come as the company is eyeing a bond issue that would increase debt on its books and make it difficult for it to meet the current loan conditions.

Wei Jing Oh has joined Bank of Tokyo Mitsubishi UFJ (BTMU) as an assistant vice president in the loan origination department, a source told GlobalCapital Asia. Oh was previously in the south Asia debt structuring and syndication team at Mizuho.

Japan's three megabanks launched Indian Oil Corp’s (IOC) C$600m ($541m) loan into general syndication on January 6. As the deal requires banks to commit in Canadian dollars, the leads are focusing primarily on US and Canadian banks.