Asean

Indonesia’s Waskita Karya sealed a Rph5tr ($375m) loan this week, in a rare syndication with international banks. While the borrower raised its profile as it tapped into pockets of rupiah liquidity from foreign lenders, the deal also illustrated the push by north Asian banks to deploy their balance sheet in Indonesia. John Loh writes.

Standard Chartered has allocated a $300m offshore financing for Lotte Vietnam Shopping to four additional banks, following general syndication.

Bank of Tokyo-Mitsubishi UFJ cleaned up its position in CIMB Group this week, offloading more than 400m shares in an accelerated bookbuild to raise MR2.55bn ($607m).

Export-Import Bank of Korea decided to woo Singapore dollar bond investors with its latest debt deal, and not only expanded its relationships with local currency accounts but also offered them some welcome diversification.

Singapore power company SP PowerAssets grabbed $600m on Tuesday from a tightly priced investment grade bond that reset its debt curve.

Swiss energy and commodities trader Mercuria is looking to raise $850m from a triple-tranche facility that was launched earlier this week.

Singapore power company SP PowerAssets began marketing a rare dollar transaction on Tuesday morning, nearly two years after it last hit the offshore debt market.

Singapore real estate and business trusts have raised a healthy $2.9bn in equity this year, with market participants seeing no let-up in volumes as investors continue to chase for yield.

Beijing Infrastructure Investment Co is in the market with its first dollar bond in nearly three years, while APP China Group is meeting debt investors in Hong Kong.

Singapore Exchange (SGX) has used the iron ore futures listed on its derivatives market to create a series of inverse and leveraged indices for tradable products.

Puma Energy, the midstream and downstream oil company, has signed a five year loan that was oversubscribed by its relationship banks.

A trio of borrowers from Laos are looking to hit the international loan market soon, with Cathay United Bank guiding lenders towards a possible launch date.