MUFG

Bank of Tokyo-Mitsubishi UFJ has appointed Marie Diana Lynn Coronel-Singson as head of global corporate banking for its Manila branch in the Philippines, effective Wednesday.

Expectations for a busy week in the investment grade corporate market were maintained despite only Telefonica taking advantage of good primary conditions on Monday, as it sold a benchmark nine year bond in euros.

MUFG has appointed Holly Villiers to a new role heading corporate banking for UK, Ireland and the Nordic countries.

India's Tata Steel has lined up a group of 21 lenders for an up to $2.16bn six year loan, which will be launched into primary syndication in a couple of weeks, said bankers close to the deal.

The world's largest brewer Anheuser-Busch InBev’s last visit to the euro bond market was to help finance its $107bn acquisition of SAB Miller in 2016 and on Tuesday the issuer returned with a smaller offering that investors were still thirsty for.

Trans Media Corpora, the TV broadcasting arm of Indonesian conglomerate CT Corp, is due to launch a new borrowing into general syndication soon, according to two bankers working on the transaction.

Vietnamese state-owned VietinBank is back in the loan market with a $100m fundraising, this time with one lender at the helm.

A $5.5bn senior secured loan to refinance China National Chemical Corp’s (ChemChina) outstanding debt has been launched into general syndication by 16 mandated lead arrangers and bookrunners.

Mitsubishi UFJ Financial Group (MUFG) is preparing to sell a Rmb1bn ($154m) three year bond before the end of January, GlobalRMB understands. The financial institution has become the second Japanese issuer in two weeks to secure a Panda bond programme.

The response to Tata Motors' £640m ($839m) refinancing has been phenomenal, with the loan generating commitments exceeding $1bn, said bankers close to the situation.

The dollar market picked up where it left off in 2017 with tight pricing and bulging order books as borrowers hit the ground running.

Corporate bond market participants show little sign of caring about the end of European quantitative easing and the danger that presents to their market — which has arguably been the sector most affected by the policy. Nigel Owen reports.