MUFG

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.

Loans for ONGC Videsh and Saka Energi Indonesia have had commitments from banks, with the former likely to close at the end of this week.

A $465m 21 month refinancing for Hindustan Petroleum Corp (HPCL) has gone into general syndication after the borrower mandated banks for the loan in December 2015.

Glencore's core relationship banks showed strong support for its refinancing of a $8.45bn one-year loan, despite volatility for commodities and a recent downgrade for the mining and trading firm.

Hong Kong’s MTR Corp is seeking a loan of HK$15bn ($1.9bn) in two tranches and has picked a quartet of banks to helm the trade.

The head of loan syndications at Bank of Tokyo-Mitsubishi UFJ has resigned to join another bank.

A $1.775bn loan for ONGC Videsh, the international arm of India’s Oil and Natural Gas Corp, has attracted commitments from just two lenders in syndication, with the deal due to close by the end of this week.

Hindustan Petroleum Corp (HPCL) has launched a $465m 21 month refinancing into general syndication with three participation levels on offer.

Mitsubishi UFJ Financial Group is set to break new ground in Asia with an inaugural offering of bonds that meet total loss-absorbing capacity (TLAC) requirements.

Standard Bank is in the market for two loans, a $750m deal for Standard Bank of South Africa and a deal for its Kenyan subsidiary, Stanbic Kenya, according to bankers.