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Two more institutions have joined the $120m five year one month loan for Essar Steel. Mandated lead arrangers Barclays Capital and State Bank India are expected to close syndication this week after Indian Bank and Indian Overseas Bank participated with $10m each.

GenPac, the Indian business process outsourcing company formerly known as GE Capital International Services, is close to mandating ABN Amro, Bank of America and Citigroup to arrange a $250m syndicated loan, EuroWeek has learnt.

PT Indocement Tunggal Prakarsa signed a $120m three tranche facility on April 7 in Jakarta via mandated lead arranger Standard Chartered Bank.

All Win International Finance Corp has mandated International Commercial Bank of China to arrange a 12 year NT$4bn loan to support the purchase of an aircraft from China Airlines.

Export-Import Bank of Thailand plans to sell two tranches of baht-denominated bonds in the next month or soon after to raise funds to repay foreign debt and expand lending, and to support a hydroelectric power project in Laos.

The state Korea Deposit Insurance Corp sold part of its stake in Shinhan Financial Group to BNP Paribas on Monday, after a bookbuild offer that UBS managed.

The commercial financing of Ocean Park's redevelopment is set to be launched into syndication today (Thursday) by mandated lead arrangers Bank of China, DBS and HSBC.

The IPO of Reliance Petroleum begins today (Thursday) in India, with the possibility of raising $620m in the public part of a deal that is worth $2.5bn in total.

Hyundai Capital signed a $160m two year loan on March 31 in Seoul. National Agricultural Cooperation Federation and Sumitomo Mitsui Banking Corp held $40m each, with Calyon and Korea Development Bank taking $37.5m apiece.

What makes South Korean banks so popular all of a sudden? No sooner has one foreign investor announced the sale of a majority stake for a huge profit, than another one steps up to increase its existing holding.

EuroWeekAsia co-hosted its second Asia Pacific Syndicated Loans conference with Euromoney Seminars last week in Hong Kong, repeating last year's successful event and attracting around 100 market professionals to the Island Shangri-La Hotel. Delegates from Australia, Japan and the rest of Asia, as well as Europe, listened to presentations from regular borrowers including Damian Glendinning, treasurer of Lenovo, Martin Cubbon at Swire Group and Vineyesh Sawhney, general manager for finance at Reliance Industries.

Melco PBL Entertainment, the joint venture that acquired a gaming licence in Macau last month, has not yet decided on the financing for its City of Dreams project.