MUFG

Hong Kong-listed Samsonite is raising a loan of up to $2.425bn for its acquisition of premium travel luggage maker Tumi.

Singapore real estate firm Ascendas ventured into the country’s domestic bond market on Monday with a S$100m ($72.8m) offering that was largely driven by reverse enquiry.

Two Turkish bond deals this week were seen as a welcome treat for investors starved of recent supply from the country, and more is still in the pipeline.

ThyssenKrupp, the German industrial group, joined the surge of corporate bond issuance on Tuesday as the fallen angel company raised €750m.

Commodities firm Glencore released its preliminary results on Tuesday, revealing annual losses to equity holders of almost $5bn. The release of the annual report paves the way for the general syndication of the group’s loan after a successful first stage in February.

State Bank of India has picked banks for a fresh $500m fundraising that is expected to launch into syndication in the next couple of weeks.

In an otherwise subdued African loan market, commitments for a $150m deal for Africa Finance Corporation were due on Thursday, according to a banker on the deal.

Mitsubishi UFJ Financial Group successfully wrapped up Asia’s first bond that meets total loss-absorbing capacity (TLAC) requirements on Tuesday. By providing a strong benchmark in this new asset class, the transaction is set to encourage more issuance from Japan.

One of Mitsubishi UFJ’s most senior syndicate bankers has left the firm.

Mitsubishi UFJ Financial Group is on its way to sell Asia’s first bond that meets total loss-absorbing capacity (TLAC) requirements. Launched on Tuesday, there is plenty of guesswork among market participants about fair pricing.

Tata Steel has received a new commitment at the senior level for its $1.5bn refinancing, with banks yet to join in general syndication.

State Bank of India is back in the loan market for a fresh $500m fundraising that is expected to launch into syndication in the next couple of weeks.