MUFG

The Philippines’ Aboitiz Power Corp has launched into general syndication its $300m loan to back its acquisition of AC Energy.

Mitsubishi UFJ Financial Group offered a voluntary redundancy package to London-based managing directors and directors on Thursday.

Münchener Hypothekenbank was the only financial institution to issue a euro bond this week, selling a senior non-preferred deal on Wednesday. The German lender attracted demand roughly similar to the bond's size of €250m, set from the start.

MUFG has filled another key position in the APAC region by naming Richard Yorke as head of global corporate and investment banking (GCIB) for Asia Pacific.

Far East Horizon has boosted its latest offshore borrowing to $1bn, attracting 10 participants during syndication.

BOC Aviation, the aircraft leasing group owned by Bank of China, is returning to the offshore loan market, seven months after it sealed a smaller transaction.

MUFG has appointed Noriaki Goto as the new regional executive for Asia, effective immediately, alongside two other senior positions in the financial conglomerate.

A weakened corporate bond market on Thursday did not dissuade Telenor, the Norwegian telecoms company, from issuing a €2.5bn triple tranche deal. Competing for investors' attention was unrated Symrise, the German flavours and fragrances group, which managed to slash its pricing by 25bp-30bp without losing investors.

Union Bank of the Philippines has returned to the offshore loan market, having been absent for more than 20 years.

Two African borrowers are set to hit the road for dollar bonds, extending a run of deals from the continent after a slow start to the year.

The strength of corporate bond demand, after falls in stockmarkets engendered by the US's hardened stance on trade talks with China, will be tested in the US on Wednesday by a $20bn issue for IBM. In Europe, the test could come on Thursday, since a handful of issuers finished roadshows on Wednesday.

BP on Thursday gave the European corporate bond market its first test of a really big, multi-tranche, investment grade issue since Easter, and showed that the market is every bit as keen as before the break. Order books for the three part bond were big and new issue premiums slim to invisible.