MUFG

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.

SBI Capital Markets has joined as a mandated lead arranger and bookrunner on its parent State Bank of India’s $390m loan ahead of a general launch on March 18, but is yet to commit a firm amount.

Indonesia’s CT Corp has wrapped up syndication of its $1.275bn fundraising, netting commitments worth $555m from a group of 19 banks.

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 turnaround from lenders considering the deal in syndication.

China Resources Power Holdings has upped its loan to HK$7.8bn ($1bn) from the original HK$6.4bn, with strong interest from Taiwanese lenders pushing the deal forward.