MUFG

The Kingdom of Bahrain has mandated three banks for an international bond, according to a banker away from the deal.

Investors in Chile expect power transmission company Transelec to price a new 10 year bond on Wednesday, predicting a spread well inside that achieved by fellow Chilean Colbún, the power generator that issued last week.

Six banks have been mandated for Indian company Rural Electrification Corp’s latest fundraising, which was originally touted as a $100m deal but is now set to increase.

Indonesia’s Perusahaan Gas Negara (PGN) is considering cutting the size of its loan to between $600m-$700m, from the planned $1.5bn, after a blockbuster bond from May reduced its funding requirements.

Symrise, the unrated German flavours and fragrances company, issued a €500m bond on Thursday to help finance its takeover of Diana Ingredients, a French flavourings firm – Symrise’s biggest acquisition.

Pricing has been revealed for Indian company Power Finance Corp’s $250m five year fundraising, ahead of its expected launch into syndication this month.

Chilean copper company Codelco has mandated HSBC, Deutsche Bank and Santander to arrange a 10 year euro denominated bond, its debut in the currency. Investor calls are taking place on Tuesday for the deal.

Two Taiwanese lenders and one Hong Kong lender are set to provide the first set of commitments for Chinese real estate company Franshion Properties’ HK$4bn ($516m) loan, which opened to the market in May.

Philippine shopping mall operator SM Prime, which gained six new mandated lead arrangers and bookrunners at the end of May for its $300m loan, is planning to close the deal as a club, thanks to a strong response at the top level.

1MDB sets eyes on $2.5bn — Citic in $1bn pricing talks — Agile out with HK$2.665bn — Delta Dunia spins $150m — REC lights up $100m — Springland shops for $250m — CMB Leasing throws open $150m

Government owned Malaysian strategic development fund 1Malaysia Development Berhad is in the market to raise a $2.5bn loan that will be led by four banks.

Property developers Sino-Ocean Land Holdings and China Resources Land are both tapping lenders for US dollar loans, amidst a flurry of real estate names returning to the debt market.