Standard Chartered

Vedanta Resources has launched a tender offer for a portion of its $1.25bn 5.5% convertible bonds due this year to be executed via a modified Dutch auction method, according to its dealer banks.

Oman Telecommunications has mandated three banks to arrange investor meetings for a Reg S only dollar and/or Omani rial sukuk.

Standard Chartered Bank has made two promotions — crowning a new head of capital markets for Americas and Europe and a new head of European syndicate.

Standard Chartered has announced that the group’s deputy chief executive officer will retire from the role and step down from the board at the end of April.

Allocations are out for a $145m loan backing the Blackstone Group’s acquisition of Serco’s business process outsourcing assets in India.

Bank restructurings come in two flavours — the kind where the business stays pretty much the same, and the kind where it doesn’t. 2015 was the year of the latter, as new chief executives, new business models and a pervasive sense of existential doubt hung over investment banking. Owen Sanderson reports

Middle Eastern loans burst open in the fourth quarter of 2015, with deals aplenty for corporates, banks and sovereigns. The deal flow will not ebb this year, but pricing will rise and international lenders will play a bigger role, replacing local lenders. Elly Whittaker reports.

Commodities trader Trafigura will next week launch its refinancing of a $5.3bn facility, with Glencore expected to follow shortly thereafter. Bankers believe these issuers will retain support from key lenders, despite their mixed successes in 2015.

Hong Kong-listed China SCE Property has completed a $400m fundraising via four mandated lead arrangers and bookrunners.

Lippo Malls Indonesia Retail (LMIR) Trust has wrapped up a S$100m ($70.6m) term loan with three lenders.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

Tata Chemicals Europe's £140m ($216m) five year dual-tranche facility has received commitments from two banks and is set to wind up in January.