Independent oil and gas company MIE and Indonesian textile maker Sritex tap high-yield investors looking to diversify away from the Chinese property sector.
A flush of corporate Korean bond deals are likely in the coming days with telecoms company KT Corp setting the scene.
China Citic Bank sells Asia’s first Additional Tier 1 bond, while Chalco raises its second perpetual note and State Bank of India offers a dual-tranche deal.
Hong Kong-listed Chinese developer raises a $500 million seven-year note, reviving the region’s unrated space amid improving market confidence.
Seven banks have launched Giant Interactive’s $850 million buyout loan into general syndication.
The sovereign quenches the thirst of frontier market investors by issuing a $2 billion dual-tranche bond, its first international note in seven years.
The Singaporean bank raised a $1 billion 10.5-year Basel III-compliant bond to help fund its expansion and replenish old-style debt.
Indonesian garment manufacturer Sritex embarks on an investor roadshow, following developer Lippo Karawaci in issuing a dollar bond.
A roundup of the latest syndicated loan market news.
China’s largest refiner issued the multi-tranche $5 billion jumbo for refinancing and capital expenditure purposes while interest rates remain favourable.
The bank’s Australian dollar bond programme is due to swell to A$12 billion on the back of a favourable cross-currency swap and strong demand from Japanese life insurers.
Shinhan Bank is marketing a dollar bond, while Pakistan is on a roadshow for potential dollar notes.
The region’s G3 bond market saw a disappointing first quarter but issuers are expected to rush to raise funding before rates touch unfavourable levels.
Sumitomo follows Mizuho’s footsteps in issuing a Basel III-compliant Tier 2 note, replenishing Japanese banks’ yearly loss of $12 billion in legacy capital.
The region’s debt capital markets could be vulnerable to contagion effects due to shift in global risk sentiment, says the Asian Development Bank.