Standard Chartered

Invitations are out for China Greenland Rundong Auto Group’s $100m three year term loan that comes with a $50m greenshoe. The deal, which has two banks at the top, is open only to senior lenders at the moment.

The Reserve Bank of India has proposed a new framework that eases rules for borrowers raising external debt, five months after the government released a report that recommended overhauling and liberalising the existing system.

Coal miner Adaro Energy Indonesia has initiated talks with its relationship banks for a loan to refinance existing debt, with a request for proposals expected soon.

A $145m loan backing the Blackstone Group’s acquisition of the Indian business process outsourcing (BPO) operations of the Serco Group is likely to launch this week.

Vallourec, the French tubular solutions company, has signed a €400m four year revolving credit facility to replace bilateral loans of the same amount.

Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.

China Development Bank is set to meet investors from September 21 in Europe ahead of issuing bonds in multiple currencies.

Indonesian car rental service provider, Indorent, has picked four banks to helm a $100m offshore loan with general syndication expected after mid-October.

Chinese auto company Geely International (Hong Kong) ventured into the bond market with an uncommon structure on September 16, raising $300m with a floating rate note backed by a loan from Bank of China.

CLP Wind Farms, a unit of CLP India, became the first corporate from the country to issue a green bond on September 15. Market participants expect India’s green issuance to take off, as it needs such financing with more liquidity expected to guarantee pricing benefits.

The Islamic Republic of Pakistan has chosen three banks to work on a potential dollar offering in conventional format, days after Fitch assigned the sovereign a junk rating.

HSBC and Standard Chartered are each working on their debut Panda bond issuance, aiming to launch the deals at end of September at the earliest, several sources have told GlobalRMB. If the deals come out as planned, these will also be first Panda offerings from financial institutions.