Sumitomo Mitsui Financial Group

US corporate bond bankers have shrugged off concerns that the steepening of the US Treasury curve could spell problems for credit, after the 10 year yield closed at 1.29% on Wednesday and the 30 year broke though 2%.

Galaxy Pipeline Assets, the group of international investors that provided Abu Dhabi National Oil Company (Adnoc) with $10bn in a pipeline partnership deal last year, has re-entered debt capital markets just months after it sold what some involved in the deal claimed was one of the biggest project bonds ever.

SMBC Nikko wants to grow its capital markets and advisory business in EMEA, which is smaller than its parent’s heft in the loan market. It has hired Anthony Bryson, a former NatWest Markets and BNP Paribas banker, to lead the push.

Anthony Bryson has joined SMBC Nikko Capital Markets as deputy president and head of capital markets and advisory Emea in London.

ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has decided to cancel general syndication for its $700m loan after the bookrunners found enough liquidity during a senior stage.

Singapore-listed palm oil company First Resources is tapping the loan market for a $150m-equivalent dual-currency deal.

Yankee issuers stormed into the US dollar market to lock in record low levels of funding, despite this week’s turmoil in Washington, DC.

Far East Horizon, a Hong Kong-listed leasing company, has made a quick return to the loan market for a $1bn-equivalent three year borrowing, less than five months after sealing a larger facility.

Nigeria’s Bank of Industry, which is majority state-owned, has raised a $1bn syndicated loan in one of the rare sparks of emerging market loan activity over the last 12 months. After a disappointing year, bankers are longing for a return to pre-Covid issuance volumes.

Trig, the London-listed renewable infrastructure investment firm, has signed a £500m loan with its margin linked to Sonia rather than Libor, as loans bankers try to encourage borrowers look at their loan documents soon to avoid bottlenecks next year.

Former JP Morgan banker Luke Lee has joined Sumitomo Mitsui Banking Corp’s Hong Kong office in a senior position.

Louis Dreyfus, the Dutch agricultural trading company, has amended and extended revolving credit facilities totaling $697.6m, weeks after the company got its first investment grade rating.