MUFG

A $300m three year loan for Development Bank of the Philippines (DBP) has gone into general syndication via three mandated lead arrangers and bookrunners.

Tata Steel's $1.5bn refinancing has been launched into general syndication after a senior phase that began in early December.

Indian company UPL is making a return to the international syndicated loan market after a break of nearly 10 years with a $200m borrowing.

The Asia head and chief executive of Mitsubishi UFJ Securities (Hong Kong) is to hand over the reins in April.

The Asia head and chief executive officer of Mitsubishi UFJ Securities (Hong Kong) is to hand over the reins to a colleague in April.

A $1.775bn loan for ONGC Videsh, the international arm of India’s Oil and Natural Gas Corp, has gone into general syndication, offering incoming banks all-ins below 112bp.

Bank Julius Baer has made senior changes to its southeast Asia business, creating the role of vice-chairman as well as appointing a new head of private banking.

The Chinese auto ABS market is revving up for 2016 with Volkswagen poised to launch a Rmb2.99bn ($460m) Driver China Three next week.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

A $200m equivalent borrowing for Yue Xiu Enterprises has been launched into syndication with one bank at the helm.

Airport Authority Hong Kong (AA) has tied up a HK$5bn ($645m) five year fundraising with a group of 21 banks that were undeterred by the sub-100bp pricing.

The crunch is coming. The Middle East loan market has long offered low margins and lashings of liquidity but pricing is widening, just as issuers flock to the market in droves, writes Elly Whittaker.