ANZ

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

Asia’s bond market suffered prolonged bouts of volatility in the first half of the year. Bankers, credit analysts and asset managers are trying to shake off the disappointments in both the primary and secondary markets, but the signs are not good. Addison Gong reports.

The pipeline of Indian loans is building up, with Housing Development Finance Corp and Kotak Mahindra Bank seeking new fundraisings.

CCB International, a subsidiary of China Construction Bank Corp, has returned to the offshore loan market after a three-year absence for a $500m deal.

India’s Tata Motors is seeking an up to $250m loan to buy back bonds that are due in 2020.

Monica Chang, head of loan syndication at ANZ in Taiwan, has left the bank, according to sources.

Indiabulls Housing Finance has made a quick return to the loan syndications market for a $200m borrowing.

Philippine firm Rizal Commercial Banking Corp is seeking a $300m offshore loan via five mandated lead arrangers and bookrunners, according to a banker with knowledge of the deal.

Leonard Ng has joined Standard Chartered’s debt capital markets team in Singapore.

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.

Zurich Insurance sold its first bonds in the Australian dollar market this week, as it looks to finance its recent acquisition of Australia and New Zealand Banking Group’s life insurance business.

Bank of China’s aircraft leasing arm BOC Aviation sold a rare seven year dollar-denominated floating rate note (FRN) on Monday to an overwhelming response. The deal has opened the door to other financial institutions in the region looking to extend their funding profiles in the format.