MUFG

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.

Indonesia Eximbank and Pelabuhan Indonesia III have stormed into the loan market, with the former picking banks for its increased $600m fundraising, and the latter issuing two requests for proposals.

Astra Sedaya Finance has managed to more than double the size of its loan to $670m from the launch size of $330m, gathering a stellar response from lenders thanks to the company choosing to do a targeted syndication. The final deal size has even left bankers on the loan surprised by the tremendous market interest.

Astra Sedaya Finance has managed to more than double the size of its loan to $670m from the launch size of $330m, gathering a stellar response from lenders thanks to the company choosing to do a targeted syndication. The final deal size has surpassed that closed last year by sister company Federal International Finance, which used a similar strategy, with even bankers on the loan surprised by the tremendous market interest.

Bankers working on Astra Sedaya Finance’s fundraising have wrapped up syndication, with plans now to increase the final deal to $670m from the launch size of $330m.

Indonesia Eximbank has picked a group of six banks to arrange a $600m fundraising, managing to increase it from the $400m it had asked for in its request for proposals.

Malaysia’s SapuraKencana Petroleum signed its jumbo loan of $4.977bn this month, finding demand from a group of 13 lenders.

Noble Group, a supplier of agricultural and energy products, metals and minerals, hit the market on March 24 with a $1.35bn 364-day revolving loan facility, led by an 18-member arranging group.

Hong Kong-listed Citic Pacific hit the market with a HK$8.8bn ($1.13bn) loan on the evening of March 17, with bankers on the transaction expecting a quick response from lenders considering the deal in syndication.