MUFG

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.

Verizon Communications brought back memories of its $49bn record-breaking bond in September with a $4.5bn offering this week that sucked in nearly $23bn of orders.

State Bank of India is due to launch a $390m loan into syndication soon, increasing the size from the original $300m. At one point the loan was on track to be $420m, but this was scuppered when one lender dropped out of the top level.

ONGC Videsh, the international arm of India's Oil and Natural Gas Corp, launched its $1.775bn five year term loan last Friday, pricing the transaction at 165bp over dollar Libor.