MUFG

Europe’s corporate bond market burst into full scale action on Wednesday, after two weeks of sporadic new issuance. A €3bn deal from Sanofi, the French pharmaceuticals company, was joined by €1bn from Toyota Motor Credit Corp, €500m from property company Foncière des Régions and yet another small deal from Volvo (see separate stories).

Mobile phone maker Xiaomi launched its $1bn dual tranche loan into general on Tuesday afternoon, following a successful senior phase during which 17 banks joined for the bookrunner and mandated lead arranger title.

Jiu Ding International and Dynamic Apex Macao Commercial Offshore, subsidiaries of Taiwanese notebook casings maker Ju Teng International, have sealed a $200m triple tranche three year financing.

Europe’s corporate bond market burst into full scale action today, after two weeks of sporadic new issuance. A €3bn deal from Sanofi, the French pharmaceuticals company, was joined by €1bn from Toyota Motor Credit Corp, €500m from property company Foncière des Régions and yet another small deal from Volvo (see separate story).

Svenska Handelsbanken sold its second ever Samurai print on Thursday, drawing a comfortably subscribed order book for a five tranche deal. BNP Paribas is expected to follow the issuer into the yen market next week, helping boost an already strong year for Samurai volumes.

Perusahaan Gas Negara has wrapped up its $650m club loan with eight banks. Allocations for the deal’s onshore tranche stood at $590m, while those for the offshore tranche were $60m.

Indian company Rural Electrification Corp has launched into general syndication the $170m greenshoe portion of its five year loan. The funds for the original $230m have already been provided by the six bookrunners and mandated lead arrangers and the $170m greenshoe is being syndicated on a best efforts basis.

Three more lenders have joined the $650m club loan for Indonesian gas distribution company Perusahaan Gas Negara (PGN). Allocations for the fundraising are likely to be issued by this week, said bankers.

India’s state-owned Power Finance Corp (PFC), which launched its $250m five year loan into general syndication on July 11, has received commitments from 12 lenders.

Philippine oil refining company Petron Corp’s loan that was launched into general at $300m, is likely to increase to $400m after getting a good response.

Pelabuhan Indonesia II’s $1bn five year loan,, which has been in gestation since May, will now also include a greenshoe option of $275m.

IFC Development has wrapped up a HK$10bn ($1.29bn) self-arranged club with 16 banks, doubling its fundraising in a repeat of a financing it signed in 2012.