MUFG

Indian Oil Corp’s (IOC) C$600m ($480.79m) North America targeted loan that launched into general in January has been allocated among six banks. While the deal drew liquidity from three lenders in retail syndication, bankers away from the deal stopped short of terming it a success, saying low pricing probably constrained the response.

A euro bond roadshow for Neste Oil, Finland's largest refiner, is set to finish on Friday. The company has mandated Barclays, Crédit Agricole, Danske Bank and Mitsubishi UFJ for the deal.

Indian Oil Corp’s (IOC) C$600m ($479m) North America targeted loan that launched into general in January, has attracted less than a handful of banks. The loan had been divisive in that bankers away from the deal felt the pricing was too thin for it to have a successful run in syndication.

Quanta Computer's subsidiary, Quanta International, has picked a group of 19 banks to supply funds for its $700m self arranged loan.

India’s state-owned Power Finance Corp (PFC) is understood to have mandated Bank of Tokyo Mitsubishi UFJ, Mizuho and State Bank of India for its latest fundraising of $450m. The same three banks led PFC’s last loan, which was allocated in September.

AusNet Services, the Australian electricity and gas distributor, issued a €560m 12 year bond on Friday, raising precisely the sum it wanted to swap into Australian dollars. The bond was priced close to the issuer's curve.

Italian electricity company Enel refinanced a €9.4bn credit facility on Thursday and reduced the margin on the loan from 190bp to 80bp over Euribor.

India’s state-owned Power Finance Corp (PFC) is understood to have mandated Bank of Tokyo Mitsubishi UFJ, Mizuho and State Bank of India for its latest fundraising of $450m. The same three led PFC’s last loan, which was allocated in September.

Quanta Computer subsidiary Quanta International has picked a group of 19 banks to supply funds for its $700m self arranged loan.

Gwynt y Môr Ofto has issued a £399m bond to finance its £352m investment in the offshore transmission system for a 576MW windfarm off the north coast of Wales. The deal, which is supported by credit enhancement from the European Investment Bank, was nearly three times oversubscribed.

Tentative allocations are out for Indonesian oil and gas company Pertamina’s five year fundraising. The loan has been closed at a size of $1.747bn, with the dozen banks at the top that prefunded the money managing to sell down as per expectations, said bankers close to the transaction.

UK oil company BP priced a €2.5bn bond on Wednesday, using a tried and tested eight and 12 year format, following the success of a €3.75bn deal by Norwegian rival Statoil on Tuesday. The deal was well received, getting €3bn of orders for each tranche.