Standard Chartered

State Bank of India’s new $750m five year financing has been launched into syndication after a 10-strong bookrunner group funded the transaction.

Turkey’s smaller financial institutions – Yapi Kredi Finansal Kiralama, the leasing arm of Yapi Kredi, and Alternatif Bank (Abank) – have come to the loan market with higher pricing than their bigger bank counterparts.

Vedanta Resources plans to return to the dollar market with a seven non call four year offering, in parallel with a tender offer for its existing 2019s and 2021s.

The race for the fixed line assets of Hutchison Telecommunications is nearing the finish line, with details emerging on the financing to support a bid by US private equity firm I Squared Capital. The firm is competing against a joint bid from MBK Partners and TPG Capital, which can already boast one clear win in the sector. Shruti Chaturvedi reports.

JP Morgan taps insider for India ECM — Mizuho hires for debt team — ING hires ex-PSE chief for Philippines — StanChart adds to DCM syndicate team — BNY Mellon names Apac DR head

It has been a rough week for Asia’s high yield issuers. But China Development Bank Financial Leasing Co showed that higher-rated names can still get plenty of demand, raising $1bn from a dual-tranche bond that appeared to price in line with fair value.

Standard Chartered has hired a former Barclays banker as an executive director in the Asia DCM syndicate team.

Cairn India Holdings has signed new lenders into a $651m loan that had been in general syndication since late May.

China Development Bank Financial Leasing Co is back with its second dollar bond, following its international debut in November 2014. Financial leasing firm Lionbridge Capital Co is also looking to price its debut deal on Tuesday.

Aluminum Corporation of China (Chinalco) has approached lenders for a $200m two year loan through its Peruvian arm, according to bankers.

European high yield market participants took caution from Tereos’ decision to postpone a perpetual hybrid bond issue on Tuesday, suggesting that the structure still confuses investors.

Zhejiang Provincial Energy Group is making its loan debut, seeking $300m to repay its dollar bond. As heightened regulatory scrutiny crimps liquidity onshore, Chinese borrowers are slowly looking to take the loan route — reigniting the age-old debate of loans versus bonds, writes Shruti Chaturvedi.