Asean

Gulf Energy Development Public Co is drumming up interest for its IPO to raise around $500m, with the launch expected later this month.

Indonesian power house Indika Energy sealed a $575m bond on Thursday, weeks after securing a consent offer from its existing investors. With its new funds, the company will be able to close its recent acquisition of Kideco Jaya Agung.

China Eastern Airlines Corp has named banks to lead its first Singapore dollar bond, with a roadshow being held next week.

An overnight equity block trade in Malaysia’s Sapura Energy bagged MR859.1m ($203.7m), enabling the vendor to sell the last of its stake.

Indonesian power producer Indika Energy launched a dollar bond on Thursday, turning to investors more than a month after a roadshow for the proposed transaction.

A shareholder in Malaysia’s Sapura Energy is looking to exit from the company with a sell down that could raise as much as MR901.5m ($212.9m).

BNP Paribas is shaking up its equity-linked unit in Asia with the transfer of a senior banker to Singapore and a new hire, sources close to the matter said.

Hong Kong property developer CNQC International Holdings pulled off a S$100m ($73.4m) bond sale on Tuesday, following a booming first half of the year for the company.

Chandra Asri Petrochemical reeled in investors on Monday with its new dollar bond. The issuer offered some value compared with its peers, but still managed to grab itself a snug price.

CNQC International Holdings, a Hong Kong-based property developer and contractor, has opened the order book for a Singapore dollar bond. The company is approaching investors after bumper first-half profits.

Saka Energi Indonesia, the upstream oil and gas arm of Indonesian state-owned Perusahaan Gas Negara, has allocated its $250m loan. The deal is scheduled to sign next week.

Razer started taking orders on Monday for a Hong Kong IPO that could be worth as much as HK$4.3bn ($545.0m). About a third of the book has already been covered by cornerstone investors, even though some bankers think the valuation looks stretched.