MUFG

GlobalCapital has learned of a third emerging markers banker at risk of redundancy at MUFG, but the bank is adamant that the cuts are a coincidence and there has been no targeted scaling back of EM in this round of redundancies, which has taken place over the last week.

MUFG has put a second emerging markers banker at risk of redundancy, with GlobalCapital already having reported that Alex Popov, a trader, is in the same boat.

MUFG has started a round of redundancies in its securities business, with several jobs in London and New York said to be at risk. GIobalCapital understands that not all those who will be put at risk of redundancy have yet been notified but fewer than 35 staff will be affected.

The Development Bank of Kazakhstan was set to price its tenge denominated Eurobond on Thursday evening in London from a book that was at the last update approaching Kt140bn.

The Development Bank of Kazakhstan (DBK) has released price guidance for its second tenge Eurobond in five months.

Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.

As US Treasury 10 year yields hit 3% on Tuesday for the first time since January 2014, any remaining enthusiasm for EM bonds has been tempered, said investors.

Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

MUFG Bank has appointed Janice Chua as managing director and head of the Asian operations division, according to a Monday press release.

Vietnam’s Nghi Son 2 Power, which counts Japanese trading and investment conglomerate Marubeni Corp as one of its investors, has raised a $1.869bn project loan from a group of mainly Japanese lenders.

Reliance Jio Infocomm, the mobile network operator controlled by India’s Reliance Industries, has raised ¥53.5bn ($498m), the largest Samurai loan for an Asian corporation.

Philippine National Bank, a rare credit in the offshore bond market, raised $300m from a new transaction on Thursday. But despite the novelty value of its deal, investors still demanded a new issue premium.