MUFG

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.

Australian mining and materials company Arrium completed its last leg of roadshows in Singapore this week, as it seeks a $600m loan to refinance existing debt.

Perusahaan Gas Negara is due to mandate a group of five banks to arrange a $1.5bn five year fundraising, returning to the loan market after an absence of more than four years. The company is considering to fund the loan onshore because it has yet to get approval for an offshore deal.

A group of five banks are tipped to win the mandate for Perusahaan Gas Negara’s request for proposals for a $1.5bn loan, with the borrower expected to meet the lenders soon to hash out final terms.

Hong Kong-listed Citic Pacific signed its HK$8.8bn ($1.13bn) five year loan on Friday, April 4, which saw two banks joining during syndication.