MUFG

Indian power finance company REC, formerly known as Rural Electrification Corp, has mandated five banks for a $600m loan.

Beijing Hyundai Auto Finance Co has kicked off its onshore auto loan ABS issuance for the second half of the year, returning with yet another revolving deal under the Autopia China series.

India’s largest ever leveraged buyout loan, tied to Blackstone’s stake purchase in IT services company Mphasis, is in the market, after inviting a wide group of banks to participate in general syndication.

French investment grade corporate issuers Alstom and Covivio Hotels ignored growing worries over rising coronavirus infections on Tuesday to haul in bumper demand for new bonds.

Anchor Hanover, the UK’s biggest retirement home company, hit the sterling market on Wednesday with a debut sustainable bond, as it continues to shift its capital structure towards socially responsible finance.

Private equity firm Blackstone is raising $1.1bn to support its purchase of a stake in Indian IT company Mphasis. The deal is set to be the largest leveraged buyout loan in the country — and comes with a group of 13 bookrunners at the top. Pan Yue reports.

Toyota Motor Finance Netherlands, the Dutch arm of the Japanese car company’s credit division, on Monday became the latest issuer to hit the red hot sterling bond market, parking a chunky single tranche trade in the currency.

Shanghai Pharmaceuticals Holding Co has managed to slice the margin and fees on a $500m comeback to the loan market.

BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.

MUFG Bank has tapped David Uy as head of project finance for Asia.

MUFG has appointed Randall Chafetz — who was its first non-Japanese executive officer — to the new role of vice-chairman of the global corporate and investment bank, based in New York.

Ascendas Reit, Singapore’s largest listed business space and industrial real estate investment trust, mandated banks for a debut Eurobond on Thursday, with some analysts saying that the debt markets are underpricing risk for office operators.