Asean

Marlow Foods, a UK-based company that was acquired by the Philippines’ Monde Nissin Corp in 2015, is tapping the Asian loan market for the first time for ‎£120m ($156m).

Indonesia Asahan Aluminium (Inalum) has mandated seven banks for a chunky $2.85bn bridge loan to support its acquisition of Freeport Indonesia, a mining company.

Bank Rakyat Indonesia has mandated 13 banks for a $700m multi-tranche borrowing, breaking a three-year absence from the loan syndications market.

The Malaysian government is hoping to raise MR4bn ($959m) by selling a 30% stake in a planned airport real estate investment trust.

In this round-up, MSCI proposes plans to increase four-fold the weighting of A-shares in its emerging markets (EM) index, China and the Philippines are launching a peso and renminbi trading platform next month, and weaker external demand drags down China's PMIs.

Cromwell European Real Estate Investment Trust (CEReit) is looking to raise €224.1m through a rights issue to fund acquisitions of commercial properties and offices.

A flexible approach allowed Shangri-La Hotel to tap into the Singapore dollar bond market on Thursday for S$825m, a rare outing that helped it stave off pressing loan liabilities.

Indonesia’s Pertamina made a quick comeback to the debt market on Wednesday, selling a 30 year bond just days after terminating a tender offer.

Sujata Bhattacharjee has returned to BNP Paribas’ loans team after a short stint at Indian investment firm 1Crowd.

Lao Viet Joint Venture Bank is seeking its first international loan of up to $100m through sole mandated lead arranger and bookrunner Cathay United Bank.

Recent developments may help push the risk of cyber attacks onto the capital markets through catastrophe bonds and other insurance-linked securities (ILS). But investors are likely to be wary about taking on too much exposure.

China and Japan confirm details of currency swaps and plans to invest more in third party markets, the Hong Kong Monetary Authority (HKMA) renews the license of nine authorised institutions as Primary Liquidity Providers (PLPs) for the CNH market in Hong Kong and Singapore sets up new government agency to bridge the funding gap facing Asia’s infrastructure projects.