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  • The Singapore bond market is seeing a surge of activity, with issuers like Cambridge Industrial Trust, China Metallurgical Group and Soilbuild Business Space Reit all pricing Singapore dollar bond issues.
  • Bavarian utility company Stadtwerke München has signed a €500m syndicated revolving credit facility. While it has issued many Schuldscheine, this is its first syndicated loan.
  • Schenck Process Group, the German measuring and processing technology manufacturer, has hired three banks for a €605m refinancing loan and set a bank meeting for Tuesday.
  • Greenland Hong Kong Holdings has launched an accelerated placement of primary shares to raise $191m.
  • Taiwan’s biggest steel producer China Steel Corp has approached lenders for a $400m seven year fundraising. Two Taiwanese banks are arranging the financing, which offers banks comfort in the form of a cap on the Taifx-Libor differential.
  • About seventeen lenders have come in for a piece of Noble Group’s $2.25bn syndicated loan during general syndication. The facility’s 15 leads held roadshows in Europe and North America, in addition to Asia, and the list of incoming banks reveals plenty of western liquidity.
  • PNC Infratech is set to price its Rp4.9bn ($76.5m) listing in India at the top of guidance after anchor and institutional investors threw their support behind the trade.
  • Agricultural Bank of China New York (ABC NY) made its debut in the international bond market by printing a bigger than expected $1.25bn triple tranche offering on May 14. But in order to accommodate to the US investor base, the deal had to be priced at very friendly levels — reflected in its secondary performance.
  • China Minsheng Banking Corp (CMBC) made its debut in the dollar bond market on May 14 and, thanks to strong demand from Chinese banks, it was able to price tighter than its better rated comparable — and bulk up the size.
  • Denox Environmental & Technology Holdings, a maker of plate-type DeNOx catalysts used in China’s coal-fired power plants, is looking to list in Hong Kong.
  • Following a slow start to the year, momentum is final picking up for the dim sum bond market with a pair of issuers looking to kick off their roadshows on May 18.
  • In this round-up, South Korea’s RMB deposits rose in April for the first time this year, China’s cross-border RMB trade settlement is down by a fifth, Belarus has renewed its currency swap line with the PBoC, MSCI will announce its decision on A-shares inclusion in its emerging market indices on June 9, and Russia’s VTB signed trade financing agreements with China Development Bank.