Sumitomo Mitsui Financial Group

A $1.75bn borrowing for Indian conglomerate Reliance Industries, which entered general syndication at the beginning of February, has wrapped up, with allocations expected to be issued soon.

Hong Kong-listed Fortune Real Estate Investment Trust has tied up a HK$1.2bn ($154m) syndicated loan arranged by Sumitomo Mitsui Banking Corp.

Philippines’ Petron Corp is tapping the syndications market for $600m to partly refinance a term loan due next year, as well as some peso-denominated notes.

A $575m borrowing by CT Corp company, Trans Retail Indonesia, has already received a few commitments, with still some time to go until the deadline.

JP Morgan taps Tan for SEA DCM — RHB loses SG equities banker — SMBC loans banker leaves

A Singapore-based banker who worked on south and southeast Asian loan syndications for Sumitomo Mitsui Banking Corp has left, according to a source.

American Express led a steady flow of issuance from financial names as supply marched on at a record breaking pace this week, driven by insatiable investor demand.

A new $300m loan for Indian Oil Corp (IOC) has made market participants sit up and take notice, as the 68bp margin on offer is the lowest for a five year syndicated Indian deal in nearly a decade. While bankers are keen to see the size and sources of demand for the benchmark setting trade, there is wide expectation that the borrower will get away with it. Shruti Chaturvedi reports.

Indian Oil Corp (IOC) has opened a $300m five year borrowing into general syndication, offering three levels of participation to incoming lenders.

Sri Lanka has picked a consortium of six banks for a $1bn borrowing, just months after wrapping up its last loan. A pick up in sentiment around the country and its reliable track record means the latest deal will do well in syndication, with heightened interest from India providing additional momentum. Shruti Chaturvedi reports.

Sri Lanka has chosen a consortium of six lenders to arrange an up to $1bn borrowing, after having invited pitches from banks in January.

CT Corp company, Trans Retail Indonesia, has launched its $575m loan with seven mandated lead arrangers and bookrunners.