Asean

Chelsea Logistics Corp raised Ps5.8bn ($115.1m) from its Philippine IPO on Thursday after the shares were priced almost 30% below the upper limit.

DBS Group Holdings made a triumphant debut in the green bond market this week, earning bragging rights for the deal’s heavy placement with bona fide green investors. But there is still a long road ahead before Singaporean issuers flock to the market en masse. Addison Gong reports.

Malaysia’s insurance sector looks poised for consolidation following a recent central bank directive that could kick off a flurry of IPOs.

China's State Council grants PBoC more power — Citic CLSA loses ECM syndicate head — UBS beefs up Asia DCM — StanChart hires two for loans — BAML debt banker makes exit — SGX brings back lunchtime break

Malaysian sovereign wealth fund Khazanah Nasional has pocketed MR571.2m ($133.3m) after selling a small piece of CIMB Group. A competitive bidding process for the mandate meant wall-crossing investors beforehand was impossible, leading to a slow but steady bookbuild.

Panda bonds are finally coming back to life after a dire first half. But although all the conditions are in place for an issuance boom, there is reason to doubt quite how high volumes will go.

Healthcare company Parkway Pantai opened books for its inaugural dollar bond on Thursday morning local time, collecting bids for a perpetual non call five year.

Terms are out for a $1.5bn three part loan for commodities trader Trafigura, which invited banks for a roadshow earlier this week.

DBS Group Holdings sold Singapore’s inaugural international green bond on Tuesday in style. The strength of its credit, coupled with the green label and a conducive market backdrop, helped the bank print inside the curves of its global peers.

Commodities trader Trafigura has sent banks a preliminary invitation for an upcoming financing, which market participants reckon will replace a $1.185bn one year loan sealed last October.

Indonesian consumer finance lender BFI Finance is seeking up to $150m from a three year syndicated loan, and is shaving the margin on the facility by 67bp.

Singapore Exchange (SGX) is bringing back the lunchtime trading break following a rejig of its equities market structure.