MUFG

At a time when many borrowers are moving towards club loans over syndication as a way to obtain cheaper pricing, Beijing Enterprises Holdings 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.

For the past 13 years Asiamoney has revealed the top domestic banks, equity houses and debt houses in the region's largest financial markets. For our 25th anniversary edition we have amalgamated these winners to reveal which institutions in Asia have best stood the test of time. Richard Morrow reports.

Taqa used the strategy of a capped size and fair starting point for price talk to print its $750m 10 year bond 10bp inside its outstanding curve on Tuesday, according to a lead manager. It built a $4.55bn book in the process.

SingTel signed loans worth a chunky S$3.5bn ($2.8bn) via two separate facilities this week, with a large number of banks piling in.

Perusahaan Gas Negara is meeting bankers in Jakarta on Tuesday, April 29, as bankers await a decision on whether the Indonesian company will close its $1.5bn loan onshore or offshore.

India’s Reliance Industries has raised a loan of $550m with a tenor of 12 years, after bringing on board export credit agencies and a group of Japanese banks.

Allocations are out for Indonesian company Adira Dinamika Multi Finance’s loan of $300m, which has increased by $100m after strong demand in syndication.

With books more than sufficiently covered in general syndication, Indonesia’s Adira Dinamika Multi Finance is considering increasing its loan size by $100m to $300m with allocations now being determined.

Snam, the Italian gas transport network, found very strong demand on Wednesday for a €500m bond issue, as investors ignored the threat of war between Russia and Ukraine and piled into West European corporate credit.

Australian mining and materials company Arrium and offshore oil and gas services provider Mermaid Marine Australia have started digging for loans in the syndicated market.

Indonesia Eximbank has pushed the go button on its $600m fundraising, launching it into syndication on Tuesday evening, with the leads splitting the loan into two tranches.

Indonesia Eximbank has pushed the go button on its $600m fundraising, launched into syndication on the evening of April 15, with the leads splitting the loan into two tranches.