Asean

The Republic of Indonesia launched a dual tranche dollar deal on Tuesday morning in Asia, and began marketing a seven year euro portion when London opened.

An executive director in the loan syndicate and distribution team at Standard Chartered has left the bank, according to two sources.

NetLink Trust has priced Singapore’s largest listing in five years, raising S$2.3bn ($1.7bn) from a well covered book after global yield-focused investors piled in.

Credit Suisse has appointed Michael De Guzman, who joined the firm in May, as its country manager for the Philippines.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has allocated its $100m loan among nine lenders, with three Indian banks collectively taking half the deal.

Four lenders launched a $200m loan for Indonesian company Adira Dinamika Multi Finance into general syndication at the end of last week, according to a banker.

Standard Chartered’s Renminbi Globalisation Index fell to a 39-month low in May as the offshore renminbi (CNH) liquidity pool shrinks. But the bank said the index figures do not yet reflect China’s recent efforts to internationalise the renminbi, such the launch of Bond Connect.

B. Grimm Power raised Bt10.4bn ($305.9m) last Friday after pricing its Thailand IPO near the top of expectations, amid a recovery for stocks in the utility sector.

Indonesian automobile finance company Mandiri Tunas Finance (MTF) has received a strong response for its debut offshore syndication, and is doubling the loan size to $200m.

Fixed income dollar accounts will soon have the opportunity to buy new names from China’s financial sector and southeast Asia's coal mining industry, with three debut issuers set to roadshow in Asia, Europe and the US next week.

Deutsche Bank Singapore is tapping the syndicated loan market for a $100m-$150m fundraising, and recently sent out a draft term sheet to potential lenders, said bankers.

Standard Chartered has appointed a former Deutsche Bank banker as its new global head of financial markets sales, effective next Monday.