MUFG

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.

The former head of loan syndications at Bank of Tokyo-Mitsubishi UFJ is moving back to his old firm, Royal Bank of Scotland, according to sources, though the bank now looks very different to the firm he left in 2012.

With Mitsubishi UFJ Financial Group set to issue Asia's first bond to meet total loss-absorbing capacity (TLAC) requirements by the end of this month, market participants are trying to gauge its impact. It will set a benchmark in Asia but many banks from other parts of the region still have a long way to go before they will be ready to sell the new form of capital. Narae Kim reports.

Hong Kong’s MTR Corp has a reputation for recalibrating pricing in the region’s syndicated loan market and its latest HK$15bn ($1.9bn) dual-tranche facility is no different. The company has returned to the market after a gap of nearly 10 years, but its long absence is unlikely to pose a challenge, writes Shruti Chaturvedi.