MUFG
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State Bank of India has allocated its latest $500m borrowing, finding demand from eight new lenders during syndication. -
China Development Bank sold a $1bn bond on Thursday, wrapping up its third offshore outing of the year. Thanks to its quasi-sovereign status as well as savviness in timing, the policy bank managed to catch an opportune window for issuance.
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The dollar market ended its record-breaking run of issuance this week as uncertainty around the outcome of the UK referendum vote caused buyers to take flight and spreads to widen.
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Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.
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MTR Corp has wrapped up its syndicated loan at a larger than expected HK$25bn ($3.22bn), after banks piled in and allowed the borrower to increase the facility from HK$15bn.
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Indonesian state-owned oil company Pertamina is understood to have lined up seven banks for a $1.5bn five year fundraising.
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Oman successfully pinned down $2.5bn of funding through a dual tranche note this week, even as Saudi Arabia’s gargantuan bond creeps closer.
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Ooredoo, the Qatar telecoms company, formerly Qtel, is roadshowing a dollar benchmark via eight banks, potentially adding to increased bond supply from the country, which already stands at seven times the full year total for 2015.
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Ghana Cocoa Board (Cocobod) has completed senior syndication of its $1.8bn trade finance loan and will pay a few basis points more than last year’s deal to reflect harsher market conditions.
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Oman released initial price thoughts on Wednesday morning for new five and 10 year notes and evidence suggests the deal was building well.
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Former Barclays banker Candace Hahm is set to join Mitsubishi UFJ Securities (HK) as an associate for the capital markets group.
