Westpac

Singaporean commodity company Louis Dreyfus Asia has boosted its three year revolver to $600m after attracting 20 participants during syndication.

Reliance Industries has made a quick return to the offshore loan market with a $2.7bn refinancing deal, having picked 17 banks to act as mandated lead arrangers and bookrunners.

French insurance companies have helped to drive a stronger bid for longer dated paper in the financial institutions bond market, allowing a rare spate of 10 year trades to surface in euros this week.

Shifting market conditions have forced Yes Bank to pay up for a quick return to the dollar loan market, after it found it difficult to woo lenders to a similar — but tighter priced — offering earlier this year, writes Pan Yue.

Banque Fédérative du Crédit Mutuel attracted more than €4.5bn of orders for a dual-tranche offering at the beginning of the week, as it joined ABN Amro and Westpac in pouncing on strong conditions in the euro senior unsecured market.

Singapore’s Louis Dreyfus Co Asia has returned to the offshore market for a $500m three year revolving credit facility.

Fosun Industrial Co has returned to the offshore market for a $550m three year senior term loan that will refinance debt taken on for an acquisition last year.

Swiss franc bonds are frequenting treasurers’ minds again as windows for arbitrage funding return to the market. For three years, Swiss market participants have gritted their teeth as cross-currency basis swaps and attractive funding conditions in core markets squeezed supply from abroad. But this seems to be changing. Four foreign borrowers raised benchmark bonds this week, and bankers expect many more to follow before the summer lull. Silas Brown reports.

HSBC took home $6bn from a callable bond issuance on Thursday, after Barclays opened the callable market for jumbo Yankee issuers earlier in the week.

Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

BOC Aviation, Metallurgical Corporation of China (MCC) and Bumi Serpong Damai were the first out of the gates on Monday morning with their new bond deals, as the Asian debt market prepares for an onslaught of supply.

Bank of China (BOC) returned to the bond market with a Belt and Road blockbuster this week, raising around $3.2bn from a multi-tranche, multi-currency deal. Addison Gong reports.