MUFG

Reliance Industries is tapping the Japanese yen market as part of a $1.5bn dual-currency loan syndication.

Tony Lee has joined MUFG Bank (Hong Kong), to head the Japanese lender’s corporate banking business in east Asia.

Energy generator NTPC became the latest of a recent slew of Indian issuers to fund in the dollar bond market, with more deals underway.

Indonesia Eximbank is sending out a covenant waiver request for a $1.15bn loan it sealed last year, as the policy bank's non-performing loan (NPL) ratio rose higher than the covenant allows.

Global alternative investment firm Castlelake is tapping the offshore loan market for $685.1m to support its purchase of aircraft from Malaysia’s AirAsia.

Bank Rakyat Indonesia has closed its $700m offshore syndicated loan, with 15 participants joining during syndication.

TD Securities has hired a senior corporate bond syndicator in New York following the departure of another banker who left to rejoin his old firm, Deutsche Bank.

Indonesia's Mitra Pinasthika Mustika Finance has returned to the international loan market, seeking a dual-currency $200m borrowing.

Inchcape, the UK car dealer, has amended and extended its bank debt, and senior loans bankers have come out in favour of this early refinancing structure, though it is reviled in some parts of the market.

National Thermal Power Corp (NTPC) has become the latest Indian corporation to tap the Samurai loan market, taking advantage of the cheap pricing and abundant liquidity on offer from Japanese banks.

Adira Dinamika Multi Finance has launched a $250m three year term loan into general syndication. The deal was led by five lenders.

The US corporate new issuance calendar took a breather on Thursday after clocking up its busiest week of the year with $30bn of supply in just three days. Borrowers remained on the sidelines as investors digested the supply onslaught that brought bulging order books and tight pricing.