Asean

Indonesia’s Medco Energi Internasional wrapped up a $650m bond outing on Thursday, closing off an acquisition financing exercise linked to a bridge loan from earlier in the year.

In this round-up, the trade negotiation between China and the US finished its tenth round, China PMI fell in April after previously rebounding and the chairman of the banking and insurance regulator promised more reform.

Energy services group Serba Dinamik Holdings raised $300m from a three year wakala sukuk on Thursday, before watching the bond quickly trade up in the secondary market.

Indonesian property developer Alam Sutera tapped its 6.625% 2022 notes on Tuesday, raising $125m from the trade.

Two Indonesian auto finance companies, Indomobil Finance Indonesia and Chandra Sakti Utama Leasing (CSUL), have returned to the offshore loan market.

S&P upgraded the Philippines’ rating to BBB+ from BBB on April 30, as the sovereign conducted a roadshow for a proposed euro bond.

Indonesia’s Chandra Sakit Utama Leasing (CSUL) has launched a $75m offshore loan into general syndication.

Indomobil Finance Indonesia has paid up for its offshore loan return for a new $100m three year borrowing.

Manulife US Real Estate Investment Trust (Reit) has concluded its placement of new units on the Singapore Exchange.

Philippine oil company Petron has received a strong response for its return to the offshore loan market, increasing the size of its deal to $800m.

Indonesian palm oil producer Perkebunan Nusantara III has launched its debut offshore borrowing into general syndication.

In this round up, the Belt and Road Summit 2019 wrapped up on Saturday with numerous deals, monthly industrial profit increased sharply in March and China reported a small capital outflow.