Asean

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.

Manulife US Real Estate Investment Trust has raised $208m to fund the acquisition of a Jersey City property after investors poured into its rights issue, according to a filing on Thursday.

The order books for Vincom Retail’s record-breaking IPO in Vietnam will close a day early. The D15.4tr ($677.9m) listing has already attracted heavy demand.

Malaysia’s RHB Bank has hired Ankur Khandelwal from Barclays to head its Asia ECM unit, according to sources close to the matter.

China Minsheng Bank has named Sheau Huei Wang as the new head of syndicated finance, succeeding Foster Lee who left the firm earlier this month.

Singapore Exchange (SGX) is stepping up its efforts to attract new listings by partnering with Nasdaq, as Asian issuers increasingly look to tap global investors.

Vincom Retail is treading new ground in Vietnam’s snail-paced listing market, aiming to list its shares just two weeks after the IPO. But any hopes that this will be the dawn of a new age may be dashed. The big deals set to follow are a slew of privatisations — and Vietnam’s state-owned enterprises are notoriously tardy.

China Construction Bank Corp closed its first Singapore dollar bond on Monday, taking advantage of the thriving local currency market in southeast Asia.

Malaysia’s Press Metal Aluminium Holdings has mandated banks for its maiden foray into the dollar bond market.

Shares in Malaysia’s CIMB Group Holdings have been sold down for the third time this year through an overnight block trade, though at a lower price than the previous two deals.

Singapore-based agriculture company Olam International has secured a $1.75bn revolving credit facility (RCF) with 21 banks.