MUFG

J Sainsbury, the UK supermarket chain, has refinanced a trolley of loans, removing covenants and securing the loans on its properties, after announcing its worst earnings for a decade last week.

Three banks have sent out invitations for a $300m four year facility for Indian mortgage lender Housing Development Finance Corp. The loan, which was prefunded by the leads, is offering a yield of below 130bp in general syndication.

Swiss cement maker Holcim is in a stand-off with its relationship banks over whether it can receive negative interest payments on its Swiss franc revolving credit facility, amid deeply negative interest rates, writes Elly Whittaker.

Caterpillar made its annual visit to the European bond market amid choppy market conditions on Wednesday, and disciplined investors secured a decent pick-up.

Votorantim Cimentos on Thursday morning opened books on the first international Brazilian deal since a Petrobras corruption scandal in November. But the euro denominated reopener struggled in a rotten primary market and was unable to move pricing.

SG loses EM pair - BAML hires Dodman for LM - Mitsubishi DCM banker takes funding role - BNPP hires EM strategist

Brazilian cement company Votorantim Cimentos is planning a euro transaction and has picked banks for a May roadshow.

Bank of Tokyo Mitsubishi UFJ (BTMU) has appointed two to its Asia team focused corporate banking and financial institutions.

Peter Turney has been hired as the head of capital markets funding at Mubadala Development Company, replacing Ali Najafbagy.

Indonesia Eximbank has received a stellar response during syndication for its latest loan, with commitments totalling $792.5m pouring in from 38 lenders so far. A lack of deals from sovereign backed Indonesian borrowers and an overall fall in pricing for such credits propelled the loan to success, said bankers.

Indonesian oil and gas company Pertamina has asked banks to review covenants on a loan it wrapped up in February, as future capital expenditure requirements might make it difficult for it to stick to the existing conditions.

Post-crisis pressure on Western banks and faltering domestic returns are pushing Japanese banks to be increasingly aggressive overseas. Buying up swathes of assets and an energetic hiring spree have helped put Japan's biggest lenders in a position that they have not enjoyed for years, as Peter McGill reports.