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  • Lenders are piling into a $4bn project loan for Oman's Liwa Plastics Industries, lured in by a juicy margin of around 250bp, according to a banker involved in the deal.
  • The heavily oversubscribed books for the year’s first three Asia ex-Japan bond deals should not be taken as a sign that issuers will have an easy time in 2016. With macro concerns linked to China once again rearing their ugly head, market participants are predicting a tough year ahead. Rev Hui reports.
  • Allocations are out for a $145m loan backing the Blackstone Group’s acquisition of Serco’s business process outsourcing assets in India.
  • National Australia Bank packed $3.5bn of funding into a multi-tranche deal on Wednesday, taking advantage of strong demand and a heightened risk appetite among US investors.
  • Banks in Asia finished 2015 with revenues of $11.4bn, down 2% on the previous year, with equity capital markets the only saving grace, as billings shrank in debt capital markets, loans and mergers and acquisitions.
  • Korea Development Bank (KDB) snagged tight pricing for its $1.5bn dual-tranche bond, completing one of the first deals of the year in Asia. Some accounts stayed away citing expensive pricing and geopolitical concerns, but investors still thronged to the credit, viewing it as a defensive play amid high volatility.
  • Hungary will meet investors in Hong Kong and Singapore as it prepares ground to issue the first ever sovereign dim sum bond from the CEEMEA region.
  • FIG bankers are already fearing another window-driven year for FIG issuance after the financial markets’ torrid new year took another turn for the worse on Thursday.
  • A South Korean deal kicked open the Asian block market this week but complications in the execution have set a negative tone for the country’s equity capital markets, where numerous share sales are expected in 2016. Jonathan Breen reports.
  • CEE
    Turkey's banking regulator has increased the pressure on the country's banks to print new style subordinated bonds.
  • Jiangsu NewHeadLine (NHL) broke new ground this week, selling the first high yield bond from a local government financing vehicle. Market participants expect this to be the first of many to come, as the asset class offers both a government link and a yield pick-up over investment grade counterparts.
  • The Chinese circuit breaker mechanism shut down stock trading for the second time in just four days on January 7. Despite the 12% drop in the Shanghai Composite Index (SHCOMP) since end of 2015, Macquarie expects MSCI to finally green light A-shares inclusion for its popular global stock indices in June.