Asean

Two A-share smart beta exchange traded funds (ETFs) list in Hong Kong, the central bank of Cambodia wants the country’s businesses to use renminbi to trade, and Industrial and Commercial Bank of China (ICBC) agrees to co-operate with New Development Bank (NDB) on financing the Belt and Road Initiative (BRI).

Vincom Retail jumped the final hurdle this week to pulling off the largest ever flotation in Vietnam. The firm is on track to raise D16.1tr ($708.6m) by pricing its offer at the top of guidance, after an unusual schedule.

Singapore’s Reit issuers had a busy week, with Keppel-KBS US Real Estate Investment Trust off to a good start on its $448m IPO and Mapletree Industrial Trust raising S$155.7m ($114.5m) from an overnight placement.

Allocations are out for a $500m five year fundraising by Bank Negara Indonesia. A total of 26 lenders formed the bank group for the deal.

Keppel-KBS US Real Estate Investment Trust has started bookbuilding for its $448m IPO in Singapore, the city-state’s second Reit listing backed by US assets.

Four banks have launched a $150m two tranche senior secured loan for Indonesian textile company Delta Dunia Tekstil (DDT). The company will use a portion of the funds for a new project in Java, Indonesia.

Singapore-listed Mapletree Industrial Trust bagged S$155.7m ($114.5m) in an overnight primary capital raise that was priced at the top of expectations and reached full size.

Investors flocked to Press Metal Aluminium Holdings’ inaugural dollar bond sale on Monday, allowing the issuer to walk away with a tightly priced deal nearly 10 times subscribed.

PP Presisi, subsidiary of Indonesian state-owned construction firm Pembangunan Perumahan, has kicked off bookbuilding for its potential Rph2.3tr ($172.3m) IPO.

CapitaLand Commercial Trust (CCT) has raised S$700m ($514.7m) from a rights issue after a flood of excess applications pushed the deal to nearly twice subscribed.

Sea can lay claim to being one of this year’s most well-participated IPOs by an Asian issuer, after more than 500 investors piled into its New York Stock Exchange flotation.

Southeast Asian issuers have been largely absent from a bumper crop of dollar bond supply in the region over the last few weeks. But Malaysian aluminum producer Press Metal Aluminium Holdings is planning to add a bit of spice to the market, after opening books for its debut on Monday.