Asean

Two prominent Asian markets approved dual-class securities this year, but the CFA Institute this week warned of a host of risks that the structure poses to investors.

Asia Pacific Resources International Group, a pulp and paper producer also known as April, is self-arranging an up to $1bn offshore loan.

Singapore dollar bond issuance came back to life in the third quarter of this year, setting the stage for a further ramp up in activity.

Thai energy drinks manufacturer Osotspa has raised Bt15.1bn ($459.5m) from its IPO, taking advantage of a quiet market and its familiarity among investors to price at the top of the range.

Vinpearl raised $125m on Thursday night after tapping a $325m exchangeable bond sold in June, managing to navigate the sea of red in equity markets.

Taipei Fubon Bank has hired Sean Liu, a former ANZ loans banker, to its Singapore office.

Private equity firm KKR has pocketed D4.88bn ($209.5m) after exiting Masan Group through Vietnam’s largest block trade, according to a source close to the deal.

The International Finance Corp became the first issuer to launch a green Komodo bond — an offshore bond in Indonesian rupiah — on September 28. But the World Bank had the same idea: it launched a sustainability bond in rupiah the following week.

Singapore-listed Hong Leong Asia plans to raise S$202.3m ($146.3m) from a rights offering to help pay for a land acquisition in the city-state.

CapitaLand has raised a S$300m ($218m) sustainability-linked loan from DBS, the first of its kind from Asia’s real estate sector.

Osotspa’s Bt15.1bn ($465m) IPO in Thailand is heavily oversubscribed with pricing expected to come near the top of expectations.

Indonesian power company Perusahaan Listrik Negara has closed its debut offshore loan after exercising part of the greenshoe option.