MUFG

Mexico’s largest locally owned bank, Banco Mercantil del Norte (Banorte), has begun meeting fixed income investors as it looks to test investor appetite for the country's credit with a new subordinated bond.

Mexico’s largest locally owned bank Banco Mercantil del Norte (Banorte) will begin meeting fixed income investors this week as it looks to test investor appetite for Mexico credit with a new subordinated bond.

Mitsubishi UFJ Financial Group has appointed a banker from Santander to lead its sector coverage for the technology, media and telecommunications (TMT) industries in Europe, the Middle East and Africa.

The Philippines’ Aboitiz Power Corp has launched into general syndication its $300m loan to back its acquisition of AC Energy.

Mitsubishi UFJ Financial Group offered a voluntary redundancy package to London-based managing directors and directors on Thursday.

Münchener Hypothekenbank was the only financial institution to issue a euro bond this week, selling a senior non-preferred deal on Wednesday. The German lender attracted demand roughly similar to the bond's size of €250m, set from the start.

MUFG has filled another key position in the APAC region by naming Richard Yorke as head of global corporate and investment banking (GCIB) for Asia Pacific.

Far East Horizon has boosted its latest offshore borrowing to $1bn, attracting 10 participants during syndication.

BOC Aviation, the aircraft leasing group owned by Bank of China, is returning to the offshore loan market, seven months after it sealed a smaller transaction.

MUFG has appointed Noriaki Goto as the new regional executive for Asia, effective immediately, alongside two other senior positions in the financial conglomerate.

A weakened corporate bond market on Thursday did not dissuade Telenor, the Norwegian telecoms company, from issuing a €2.5bn triple tranche deal. Competing for investors' attention was unrated Symrise, the German flavours and fragrances group, which managed to slash its pricing by 25bp-30bp without losing investors.

Union Bank of the Philippines has returned to the offshore loan market, having been absent for more than 20 years.