Asean

Singapore-listed Cromwell European Real Estate Investment Trust (Reit) is planning to raise up to €102.17m ($115.3m) through an equity placement to fund the purchase of six properties in France and Poland.

Thailand saw a burst of block trades this week as Singapore’s sovereign wealth fund cleaned up its position in local property developer Land & Houses and BTS Group Holdings sold a chunk of VGI Global Media stock.

HSBC has appointed Alexander Malloch as head of its international subsidiary banking (ISB) business in Thailand.

ESR-Reit, a real estate investment trust, has raised S$150m ($109.4m) from a combined placement and preferential offering of new units.

Maybank plans to return to the Chinese debt market on Wednesday with a Rmb2bn ($289m) Panda bond offering after a two-year hiatus. This time around, the Malaysian lender has roped in a policy bank as the trade’s lead underwriter.

Singapore’s Marina Bay Sands is seeking a total of S$4bn ($2.9bn) from the loan market, while also planning to extend its 2012 borrowing.

Packing company Dynapack Asia is tapping the loan market for the first time, seeking a S$250m ($182m) borrowing.

Singapore’s sovereign wealth fund GIC has bagged Bt9.1bn ($290.7m) after offloading its position in Thai property developer Land & Houses, according to a source close to the deal.

Philippine National Bank (PNB) has announced the offer price for its stock rights offering.

Indonesia Eximbank has launched a $900m dual-tranche borrowing into general syndication.

Philippine company International Container Terminal Services has closed its €260m borrowing after changing the use of proceeds.

Lippo Malls Indonesia Retail Trust made its debut in the dollar market on Wednesday, diversifying its investor base and achieving quite a large deal size at an attractive price.