MUFG

Australian telecommunications company Telstra Corp has opened up a A$1.5bn ($1.4bn) three year loan to the market, in what is the group’s first syndicated loan since May 2009.

Carlsberg Breweries returned to the euro bond market after an 18 month gap today with a successful €1bn 10 year bond, though it had to contend with a market that has lost a little of its rude bullishness in the past week.

Bank of Toyko Mitsubishi UFJ (China) priced the first CNH issue from a non-leasing subsidiary of a Japanese financial institution on Monday. Rarity drove investors to the bond and while the issuer paid up over its dollar curve, it will use the proceeds onshore and does not intent to swap back.

State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.

Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication as some 40 banks joined.

Reed Elsevier, the Anglo-Dutch business and technical publishing company, followed two of its closest peers into the bond market today, with a €350m floating rate issue.

Telefónica is no rare bond issuer, but remarkably, it has not issued a substantial euro senior bond for nearly a year, having sold a €1.75bn hybrid in March.

State Bank of India has closed its loan at $554.5m, managing to gather enough demand during syndication to increase its borrowing from the launch size of $390m.

Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication that saw some 40 banks join in.

At a time when many borrowers are being drawn to club loans as a way to obtain cheaper pricing, Beijing Enterprises Holdings (BEHL) is going against the tide. It has opened up a HK$3bn ($387m) loan to lenders, marking not only its return to the syndicated market after a four year gap, but also a change in strategy since its last fundraising.

Indomobil Finance Indonesia has returned to the market for a $100m three year facility, launched into syndication on Thursday, May 8. At the same time, fellow borrower Pelabuhan Indonesia II has also picked banks for its separate $1bn five year.

A group of seven banks are tipped to win the mandate for Pelabuhan Indonesia II’s $1bn five year loan, which when finalised, will launch into syndication.