Mizuho

Glencore, the Swiss-based commodities trading and mining group, successfully sold a €700m bond on Tuesday, as Europe’s corporate new issue market fell quiet after Monday’s €7.3bn fireworks.

Abu Dhabi Commercial Bank returned to the dollar market on Tuesday and made a 50bp saving at the five year part of its curve. Middle Eastern spreads have come flying in over the past year and bankers said that the bond came at the tightest possible level.

India’s state-owned Power Finance Corp (PFC) has issued allocations for its $250m five year loan that hit general syndication in July.

Chailease International Financial Service Co, the international arm of Taiwan’s Chailease Finance, has closed its loan at $137m, higher than the launch size of $120m, with 10 lenders coming in.

Telekom Austria, the telephone and internet services provider controlled by Carlos Slim's América Móvil, has launched syndication of a €1bn five year revolving credit facility to refinance its loan due in 2017.

The international arm of Taiwan’s Chailease Finance has exercised the greenshoe option on its three year loan, closing the deal at $137m with ten lenders supplying the funds.

British cigarette maker Imperial Tobacco has secured financing for its $7.1bn acquisition of brands from Reynolds American, and refinanced its existing revolving credit facilities.

Three more lenders have joined the $650m club loan for Indonesian gas distribution company Perusahaan Gas Negara (PGN). Allocations for the fundraising are likely to be issued by this week, said bankers.

India’s state-owned Power Finance Corp (PFC), which launched its $250m five year loan into general syndication on July 11, has received commitments from 12 lenders.

Turkey’s Akbank has signed a $1.5bn-quivalent one year refinancing facility, with a higher margin from its most recent deal despite more banks coming in. The loan marks the start of the year’s second wave of Turkish bank refinancings, with Yapi Kredi and Isbank also in the market.

Philippine oil refining company Petron Corp’s loan that was launched into general at $300m, is likely to increase to $400m after getting a good response.

Vietnam based polyester product manufacturer Formosa Industries, a subsidiary of Taiwanese conglomerate Formosa Plastics Group, has wound up a $110m offshore borrowing with a club of four banks.