MUFG

The book for the Republic of Turkey’s ¥100bn 10 year Samurai reached ¥120bn before pricing, according to a syndicate official on the deal.

The Republic of Turkey priced its ¥100bn ($933m) 10 year Samurai at 29bp over yen swaps offer on Wednesday. The bond is guaranteed by Japan Bank for International Co-operation (JBIC) which enabled the country to make a substantial saving on where a new dollar or euro bond would have come.

LVMH Moët Hennessy Louis Vuitton has a cachet in the bond market, as in its own field of luxury goods. An A+ rating is rare, and LVMH is an infrequent borrower. It can also rely on the enthusiastic support of French investors.

The Republic of Turkey is set to price a ¥100bn 10 year Samurai at 29bp over yen swaps offer on Wednesday. The deal is backed by the Japan Bank for International Co-operation (JBIC).

Turk Eximbank has returned to the international market for the first time since 2012 and opened guidance on a new seven year bond on Tuesday.

Taiwan Cement Corp’s dual tranche loan was signed on September 4 among 18 lenders at $1.07bn, higher than the launch size of $1bn.

Hong Kong listed China Resources Enterprise (CRE) is back in the market for an HK$8bn ($1bn) dual tranche facility to refinance existing debt. The company is expected to wrap up the fundraising as a club loan, with a consortium that will feature most of its relationship lenders.

Allocations are out for Chinese real estate company Franshion Properties’ HK$4bn ($516m) three year dual currency loan that was launched in May to back plans for listing its hotel assets on the Hong Kong Stock Exchange. The deal took a while to close as the borrower’s sector was not a popular one among lenders, said bankers.

Petron ups loan to $475m — PFC closes $250m — UAF gets HK$825m

Philippine oil refining company Petron Corp has closed its fundraising at $475m, higher than the launch size of $300m, with 17 lenders joining during general syndication.

The Kingdom of Bahrain will price its 30 year transaction at a yield of 6% on September 10. The offering is the first dollar bond from the country this year.

The Kingdom of Bahrain was on track to price the first dollar bond from the country this year on Tuesday, having released initial price thoughts for a 30 year bullet bond on Tuesday at low 6%.