MUFG

Bank of Tokyo-Mitsubishi UFJ (BTMU) has named Vivian Sam as assistant general manager of event finance at its Asian investment banking division (AIBD), in a new role for the former Citi acquisition finance banker.

Severn Trent issued the first corporate deal for a month into the sterling market bond market on Monday as it tapped investors for a 15 year transaction.

African Export-Import Bank (Afreximbank) started signing banks to join its third syndicated loan of the year this week. African multilateral banks have raised more in syndicated loans in 2016 than in any other year, according to Dealogic.

State Bank of India has zeroed in on six lenders for a $600m financing. Although the mandate has been firmed up, general syndication will likely launch next year, said a banker close to the deal.

Therma Power, part of Philippine company Aboitiz Power Corp, is accessing the offshore loan market for a $650m unsecured financing.

Bank Muscat is preparing to refinance a $600m loan maturing in April next year and will likely aim to raise the same amount with its new facility, said one banker.

BOC Aviation has used the full greenshoe on its latest dual-tranche fundraising, wrapping it up at $1.5bn to mark its single largest financing.

Total loss absorbing capacity-eligible callable deals issued in euros this week by Morgan Stanley and last week by Goldman Sachs could herald the future for bank senior unsecured paper. But regulatory clarity will be needed before it is possible to see whether European banks can follow suit, writes Bill Thornhill.

Shangri-La Asia Treasury is seeking retail participants for a $130m borrowing that will refinance existing debt.

Several loans from Omani credits are being tipped to be launched this year, but, after several large deals, some bankers have concerns that lending appetite is waning.

Food and drinks giant Nestlé has signed €10.5bn of loans to refinance five and one year deals. The company refinanced to secure a similar group of banks in both deals, according to one banker.

Turkey shrugged of its second downgrade to junk on Friday to print a $1.5bn reopening of its 2026s. And if a sovereign bond was not proof enough that it is capital markets business as usual for the country, state-owned Turkiye Is Bankasi AS (Isbank) was out with a long five year on Monday morning.