MUFG

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.

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.

Gwynt-y-Môr Ofto, the company which will run the offshore transmission system for a 576MW windfarm off the north coast of Wales, has mandated banks for a benchmark sterling bond to finance its £352m investment.

Philippine consumer food and beverage company Universal Robina Corp’s NZ$742m ($537.57m) loan has been allocated, with 10 banks joining the syndication. The loan, which is for the company’s acquisition of New Zealand’s Griffin's Foods, received a good response thanks to the lack of top tier offshore deals out of the Philippines.

Australian energy company AusNet Services has mandated four banks for its third euro bond.

Philippine consumer food and beverage company Universal Robina Corp’s NZ$742m ($537.57m) loan has been allocated, with ten banks joining the syndication. The loan, which is for the company’s acquisition of New Zealand’s Griffin's Foods, received a good response thanks to the lack of top tier offshore deals out of the Phillipines.

Indonesian oil and gas company Pertamina, which is in the market for $1.8bn five year loan, has received $380m in commitments in general. Bankers on the deal said they expect to close soon with allocations likely to be out in the next couple of weeks.

Chinese consumer electronics appliance maker Haier International has allocated its three year facility at a larger-than-launch size of $360m. The borrower’s relationship banks came in with big tickets, encouraged by the company's growth potential and leading position in China.

In the latest twist in the saga of port services provider Pelabuhan Indonesia II’s $1bn loan, the borrower has decided to scrap general syndication and limit the deal to $550m which had already been prefunded by the seven banks leading the transaction.

Kingboard Laminates Holdings has raised the size of its latest facility to HK$4bn ($516m) from HK$3bn, as existing lenders piled in to the deal, which pays better returns than a 2014 loan by the borrower. The dual currency loan netted HK$2.59bn in the Hong Kong dollar tranche and $181.6m in the US dollar tranche.

Taiwanese computer casings maker Casetek’s $300m three year financing has attracted five banks in syndication.

Hong Kong listed company Samson Paper, which opened an HK$500m ($64.5m) loan into general in January, is likely to raise the facility size to HK$750m after receiving positive feedback for the borrowing.