MUFG

A veteran loans banker most recently with Bank of America Merrill Lynch is tipped for a senior role at Bank of Tokyo-Mitsubishi UFJ.

Bank of Tokyo-Mitsubishi UFJ has hired a banker for its loans team in Singapore, according to sources.

Saudi Electricity Company (SEC) signed a Sr5bn ($1.3bn) Islamic loan this week, having already secured $3.8bn in dollar loans this year.

Details have emerged on a $900m triple-tranche borrowing for Mercuria Asia Group Holdings and Mercuria Energy Trading, which has launched into syndication.

UK supermarket chain WM Morrison Supermarkets, better known as Morrison’s, has triggered an extension option on its £1.35bn revolving credit facility.

BOC Aviation is out with a $1bn borrowing, opening the dual tranche deal into general syndication on Tuesday, according to bankers.

Some 54 anchor orders of more than $50m each helped Mexican oil company Pemex to raise $4bn of new bonds on Tuesday despite volatility sweeping Lat Am bond markets following a sell-off in US Treasuries.

Reliance Sibur Elastomers, a subsidiary of India’s Reliance Industries, has bagged a $330m term loan with a 10 year tenor, marking one of the longest dollar loans in Asia ex-Japan in almost a decade.

Two Hong Kong-based loans bankers from Bank of America Merrill Lynch’s Asia Pacific debt solutions team have left, while Bank of Tokyo-Mitsubishi UFJ has lost its southeast Asia loans head.

Bank of Tokyo-Mitsubishi UFJ’s head of loan syndications for southeast Asia is set to leave by the end of the month, according to sources.

FTSE 250 bus and rail company Go-Ahead has signed a £200m bridge loan to insure against execution risk when it comes to refinance a sterling bond. A number of investment grade companies have been exercising precautionary liquidity management of late, said one banker in London.

Bharat Petroleum Corp (BPCL), which sent out a request for proposals for a $750m borrowing in July, is said to be planning to raise the money from three banks on a bilateral basis, as opposed to a syndication.