Sumitomo Mitsui Financial Group

Commodities trader Vitol Asia has hit the market for a one year extension to a $1.48bn borrowing sealed in June 2015.

Bank of the Philippine Islands (BPI) has opened its $250m three year debut syndicated loan to retail lenders after expanding the mandated lead arranger and bookrunner group.

Japan has unveiled its total loss absorbing capacity (TLAC) framework and in line with expectations has adopted a single point of entry approach with a group’s holding company being the resolution entity.

Tata Power’s subsidiary Bhira Investments has moved the deadline for commitments for a $460m refinancing to late April.

A $465m 21 month refinancing for Hindustan Petroleum Corp (HPCL) has received one commitment since its launch into syndication in mid February.

Mercuria, the Swiss energy and commodity trader, is set to launch its annual European refinancing loan next week, according to a banker familiar with the deal.

Rather than cherry picking its favourite banks for its $10bn sovereign loan, the Kingdom of Saudi Arabia will “pull together a handful of banks” to get the deal done, according to a banker in discussions with the sovereign.

Petronas' subsidiary Malaysia International Shipping Corp is in the process of putting together a club of banks to supply a $1bn bridge loan.

Thai company PTTEP Offshore Investment has signed up four lenders for a $500m club loan.

Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

A $300m dual-tranche loan for a subsidiary of palm oil producer Golden-Agri Resources has wrapped up with just two new banks coming in.

Sumitomo Mitsui Finance and Lease Co issued on March 23 ¥5bn ($44.1m) of six month commercial paper with a yield of -0.001%, becoming Japan’s first private company to sell negative yielding debt.