MUFG

Petronas subsidiary Malaysia International Shipping Corp (MISC) has received sufficient commitments for its $1.55bn club loan, with eight to 10 banks set to come on board.

Red Eléctrica de España, which runs Spain’s electricity transmission grid, launched a €300m bond on Monday that found strong demand despite its sub-benchmark size and was priced at or through the issuer’s secondary curve.

Property developer China Resources Land, a subsidiary of China Resources Holdings, is seeking a $602m dual tranche four year loan, which was launched to the market last week.

Vitol’s $1.7bn refinancing loan has swelled to $1.87bn, signing up eleven mandated lead arranger and bookrunners for the trade

Indonesia Eximbank is looking to increase the size of its fundraising to close to $800m after receiving a positive response from the market in syndication, according to a banker working on the transaction.

British Telecommunications broke its long abstinence from the European bond markets on Tuesday, with a €1bn deal that was as enthusiastically received as bankers had long predicted the issuer’s return would be.

Petronas’ subsidiary Malaysia International Shipping Corp (MISC), which approached banks for a loan in March, has increased the size of its fundraising to $1.55bn from the original $700m, opting to arrange the deal on its own as a club.

Geoff Coley, former co-head of FICC at Citi and more recently head of credit products at Gleacher, has joined Mitsubishi UFJ.

India’s Power Finance Corp has mandated three banks for a $250m five year fundraising, which has been in the works since the start of the year.

The mandated lead arranger and bookrunner group for Philippine shopping mall operator SM Prime Holdings’ $300m fundraising has expanded, with seven banks now at the top level.

Bharat Petroleum Corp’s syndicated loan for $300m has closed, with the three year deal allocated between 12 lenders.

Mitsubishi UFJ Securities has hired Sandra Moehle as head of Germany and Austria DCM origination.