Asean

Commodities trader Trafigura has sent out invitations to relationship banks for its annual refinancing exercise.

The Singapore Exchange (SGX) has approved listings with dual-class share structures, a few months after a similar move by rival Hong Kong.

Singaporean commodities company Vitol Asia has attracted 19 participants to its one year revolving credit facility.

The Vietnamese government has approved the equitisation of a stake in Vietnam National Shipping Lines (Vinalines), according to a statement on the company’s website.

ABN Amro has appointed Eugene Ganchev as Asia Pacific head of trade and commodity finance (TCF) and Gregory Vandeler as the region’s head of agri-commodities and TCF coverage, effectively immediately.

The International Finance Corp (IFC) issued the first internationally rated triple-A green bond denominated in peso last week, raising $90m.

DBS's Singapore-based syndicate banker Cleaven Yu is set to head up a new debt capital markets origination team in Shanghai from next month.

VPBank Finance, the consumer finance arm of state-owned Vietnam Prosperity Bank, has closed its loan at $185m with 13 participants joining during syndication.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is making a quick return to the loan market for an up to $300m fundraising.

Attractive pricing in the dollar loan market is pushing Indonesian borrowers offshore, despite guidance from the country’s central bank to curb foreign currency debt exposure.

Embattled company Noble Group has secured support from shareholder Goldilocks Investment Co for its new restructuring plan. The commodities trader has promised to increase shareholders’ stakes in New Noble to 20%, and has also kicked off a strategic partnership in the Middle East.

Poultry feed producer Charoen Pokphand Indonesia is talking to the lenders on two of its offshore borrowings sealed in 2014 and 2015, to cut pricing, several bankers said this week.