Asean
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Philippine gaming company PH Resorts Group Holdings has received the go-ahead from the Securities and Exchange Commission to issue Ps18.5bn ($351.92m) of shares in a follow-on offering.
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Law firm Ashurst, which operates in Singapore through its foreign law alliance Ashurst ADTLaw, has appointed Michelle Phang as co-lead of its corporate transactions team in the city-state.
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Ping An Real Estate seeks $300m — ICTSI tests appetite for €260m — Huifeng Petrochemical debuts with $200m
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AC Energy raised $225m from the first public green dollar bond from the Philippines, a deal in line with its renewable energy-related ambitions.
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Philippine company International Container Terminal Services has turned to banks for a €260m ($296m) fundraising, breaking a hiatus of more than two years from the loan market.
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Everbright Water, a subsidiary of the state-owned China Everbright Group, has raised Rmb700m ($103m) from a five year Panda bond.
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Credit Suisse has appointed Eric Winarta as head of its Indonesia coverage for investment banking and capital markets.
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Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.
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The Philippines’ equity capital market came to life this week with two back-to-back overnight transactions, with Puregold Price Club and Ayala Corp in the limelight.
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Philippine supermarket chain Puregold Price Club raised Ps4.69bn ($90m) from a top-up placement on Wednesday.
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Indonesia’s Alam Sutera Realty nabbed $175m from investors on Tuesday, as it attempted to beat the clock on its impending maturities.
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Japan’s Mitsubishi Corp has bagged Ps11.7bn ($244.35m) from a much sought-after sell-down of shares in Philippine conglomerate Ayala Corp, according to a source close to the deal.