MUFG

Property developer HKR International is considering increasing the size of its borrowing to HK$6bn-HK$7bn ($774m-$903m) after receiving a strong response in a market where Hong Kong credits have been scarce.

Philippine oil refining company Petron Corp, which recently mandated seven banks for a $550m refinancing loan, has proposed an amendment related to a $475m facility it sealed in 2014.

Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.

Philippine oil refining company Petron Corp has lined up seven banks to lead its $550m refinancing loan. The deal is likely to go into further syndication sometime in August, according to a source.

Sinochem Hong Kong has wound up its $500m bullet with a syndicate of 28 lenders, including 24 that came in during general. What some market participants had called thin pricing did not prevent oversubscription, signalling that three year liquidity is readily available to top tier China names at all-ins of below 120bp.

BNPP helps TDF seek €200m — CIMC Enric flags off $150m loan — HKR hits market for HK$4.8bn

Hong Kong and China property developer HKR International launched an HK$4.8bn ($619m) dual tranche loan into the market on Monday. Four mandated lead arrangers and bookrunners are helming the five year bullet.

Indian mortgage lender Housing Development Finance Corp is wrapping up a $500m club loan with a group of five banks. The borrowing comes close on the heels of a $300m pre-funded four year facility for HDFC that launched into general only in May.

MUFG has hired two former RBS bankers to bolster its Hong Kong-based debt capital markets business, GlobalCapital Asia understands.

Atos, the French IT services and outsourcing company, added to an already packed corporate bond pipeline on Wednesday, hiring banks to arrange a roadshow beginning next week, for its first ever bond.

MUFG has named Ryosei Hayashi as head of rates trading and sales for Asia at the financial group’s subsidiary, Mitsubishi UFJ Securities, in Hong Kong. The MUFG group veteran has over 20 years of experience of working with rates and derivative products.

Dairy company Fonterra Cooperative Group has priced its third dim sum offering, bringing in Rmb1bn ($161m) to support its expanding business in China.