Sumitomo Mitsui Financial Group

The FIG market played host to the first contractually bail-inable senior deal this week, as a trio of borrowers broke new ground in loss-absorbing debt markets.

Sumitomo Mitsui Financial launched its first euro denominated holding company bonds on Tuesday, as Japan’s banks make steady progress on their Total Loss-Absorbing Capacity (TLAC) funding targets.

Indian mortgage lender HDFC is seeking $375m five year money in general syndication and is set to receive the entire loan from the leads this week.

Indian mortgage lender HDFC has launched a $375m five year loan into general syndication and is poised to receive the entire amount from the leads this week.

Indonesian state-owned oil company Pertamina has requested proposals from banks for a $1bn five year loan that includes a greenshoe option, according to bankers.

Ooredoo, one of the largest telecommunications firms in the Middle East and Africa, is refinancing a $1bn three year revolving credit facility, according to two bankers.

Marlin Enterprise has opened syndication for a $425m five year loan to finance its acquisition of a gold mine in North Sumatra in Indonesia, said bankers working on the trade.

Bhira Investments, a unit of India’s Tata Power, has wrapped up allocations for its $460m refinancing following a bumper response in syndication, with 19 banks getting a slice of the trade.

Tissue paper maker Youyuan International is tapping the loan market for a $120m 3.5 year facility, marking its return after a gap of two years.

India's ONGC Videsh has lined up six lenders for a $1.268bn nine month loan to support its acquisition of a stake in oil fields in Russia.

Indian mortgage lender HDFC is close to signing up lenders for a $375m borrowing, according to two sources.

Indian mortgage lender HDFC is in the final stages of signing up lenders for a $375m borrowing, according to two sources.