Standard Chartered

A Standard Chartered led borrowing for automobile parts maker Zhongding Hong Kong will see the company fully exercise a greenshoe, taking the loan size to €150m ($165m). Eight banks have committed to the facility during general syndication and two more are processing their approvals.

Bank of Communications (BoCom) Financial Leasing is preparing for its first bond of the year, having mandated five banks to run the deal.

Property developer HKR International is considering increasing the size of its borrowing to HK$6bn-HK$7bn ($774m-$903m) after receiving a strong response in a market where Hong Kong credits have been scarce.

The RMB globalisation index (RGI) published monthly by Standard Chartered (StanChart) fell by 2.8% in June from a month earlier. The key reason for the drop was lower FX turnover, but ongoing liberalisations should support the market in the coming months.

Angolan state oil company Sonangol is back in the market for a syndicated loan, led by Standard Chartered.

Development Bank of the Philippines (DBP) is said to have chosen three lenders to arrange its financing of up to $300m.

ICICI Bank had a fantastic outcome to its first US dollar issuance of the year, raising $500m this week with no new issue concession and even getting the seal of approval from bankers away from the deal.

Standard Chartered has hired a former banker from Royal Bank of Scotland as its new head of Greater China debt capital markets.

ICICI Bank is back for more dollars for a new five year bond on August 5, its first outing in 2015.

Westpac Banking Corp has completed a swift, efficient foray into the Singapore dollar market, printing Basel III tier two notes on August 4. Demand was such that the borrower was able to price the bond by late afternoon and still manage to meet its pricing and diversification goals.

China Auto Rental (CAR) pulled off a second successful foray in the US dollar bond market, raising $300m after tightening pricing by nearly 40bp on the back of strong demand.

Life insurance company FWD Group has sealed its maiden offshore syndicated loan, with a group of five banks. The $250m three year facility was co-ordinated by Standard Chartered.