MUFG

South African First Rand Bank has mandated Citi, Mitsubishi and Rand Merchant Bank to arrange a dollar Reg S bond.

Türkiye Iş Bankasi has tightened price guidance to 340bp area over mid-swaps on a 5.5 year dollar benchmark bond, bringing the third Turkish financial institution bond in a fortnight — after Yapi Kredi and TSKB — and offering around a 10bp new issue premium.

A portion of Tata Steel’s $5.6bn borrowing, which has been in senior syndication since July, finally launched into general on October 13, with five banks joining the original 11 leads. The money will be used to refinance the outstanding portion of the debt Tata took to fund its acquisition of Europe’s Corus Group.

Tentative allocations are out for smartphone maker Xiaomi’s $1bn dual tranche loan. The deal has proved popular as bankers are eager to lend to the company that has ambitious plans for global expansion.

Mobile phone maker Xiaomi’s $1bn dual tranche loan has netted commitments from nine lenders in general syndication. The deal has been a popular one as bankers are eager to lend to the company that has ambitious plans for global expansion.

Rieks Smook is Rabobank’s new head of capital markets, Asia, replacing Guy Hargreaves, who has left the bank, sources told GlobalCapital Asia.

A portion of Tata Steel’s $5.6bn borrowing, which has been in senior syndication since July, finally launched into general on October 13, with five banks joining the original 11 leads.

Pelabuhan Indonesia II’s $1bn loan opened into general syndication on October 3. The loan was a long time coming, having been around since May as the borrower awaited regulatory approvals.

Indian Oil Corp is understood to have mandated three Japanese megabanks for a C$600m ($541m) loan. The state owned refiner is thought to be seeking the money for the acquisition of a stake in a liquefied natural gas port in Canada.

Pelabuhan Indonesia II’s $1bn loan that had been in gestation since May, opened into general syndication on Friday.

Mobile phone maker Xiaomi’s $1bn dual tranche loan has netted commitments from seven lenders that made it in time for the loan’s early bird deadline in general. These banks will earn an early bird fee of 15bp for getting commitments in by October 6.

Cigarette package printer Amvig Holdings has allocated its HK$2.6bn ($335m) refinancing loan, following successful senior and general syndications, during which commitments poured in from nearly two dozen lenders.