MUFG

Chinese state-owned conglomerate Citic has returned to the market with a $1bn dual tranche loan, picking eight banks as mandated lead arrangers and bookrunners.

Tata Steel is back in the market for a $5.6bn loan and with a dozen lenders already on the mandate, sentiment ahead of the launch into general syndication is upbeat. But lesser known Indian corporates should not be holding their breath if they are looking to emulate the deal’s success. Although the country is back in lenders' good books, loan market liquidity is still the preserve of only a few flagship names, writes Shruti Chaturvedi.

Three tipped for Tata Motors' loan – Demand boosts ICTSI to $350m

A total of 12 banks have signed the mandate letter this week for Tata Steel’s multi-currency jumbo fundraising of around $5.62bn.

Coal miner Adaro Energy Indonesia has wrapped up its $1.25bn club loan, with fourteen banks coming on board.

Indonesian telecommunications company Tower Bersama Group has sealed a loan of $300m dual currency loan, exercising the $100m greenshoe after the deal was oversubscribed.

India’s state-owned Power Finance Corp (PFC) launched its $250m five year loan into general syndication on July 11 with three participation levels, while NTPC has picked the lead for its own fundraising.

India’s state-owned Power Finance Corp launched its $250m five year loan into general syndication on July 11, offering three levels of participation.

Allocations have been revealed for Philippine shopping mall operator SM Prime Holdings’ $300m loan, in a deal that attracted such strong interest at the top level that syndication was scrapped.

Six banks have been mandated for Indian company Rural Electrification Corp’s latest fundraising, which was originally touted as a $100m deal but has already been increased to $230m.

Philippine oil refining company Petron Corp launched a $300m loan into general syndication on July 10, after strengthening the mandated lead arranger and bookrunning group in senior.

Italian defence contractor Finmeccanica has signed a €2.2bn revolving credit facility, €200m smaller than the 2010 facility being refinanced.