Asean

Metallurgical Corporation of China (MCC), China National Chemical Corporation and Thailand’s PTT Exploration and Production are out in the market, gauging appetite for their respective bonds.

Malaysia-based Lotte Chemical Titan Holding has sealed its MR3.8bn ($884.0m) IPO at the bottom of guidance after reopening the deal on Monday at a lower price range and smaller size.

Malaysian petrochemical firm Lotte Chemical Titan Holding has relaunched its up to MR5.9bn ($1.4bn) IPO and is taking orders for a day, slashing the price range and offering size to secure additional long-only investors.

In this week’s round-up, the China Securities Regulatory Commission (CSRC) considers launching A-share related derivatives in Hong Kong after MSCI’s inclusion, Citi launches two onshore bond indices, and the Chinese premier says M&A by foreign companies is welcome in the Mainland.

The Monetary Authority of Singapore aims to entice borrowers to sell rated notes in the country’s bond market by offering a credit rating grant.

Standard Chartered has appointed Lyndon Hsu as global head of leveraged and structured solutions, based in Singapore.

Indonesia has announced plans to meet investors in continental Europe next week ahead of a potential dual tranche euro and dollar bond placement.

The launch of a S$2.7bn ($1.95bn) IPO by NetLink Trust this week marks an important turning point in the fortunes of Singapore’s quiet equity capital market, with bankers hoping that more issuers may be tempted to take the plunge in the second half of 2017, write Aidan Gregory and Jonathan Breen.

Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, has finished bookbuilding for the largest Malaysian IPO since Astro Malaysia Holdings' listing in October 2012.

The Asian Development Bank (ADB) has given yet another boost to the Masala bond market, raising Rp14bn ($217m) from its third offshore-rupee linked note of the year.

B.Grimm Power Public has begun the roadshow for its up to Bt11.8bn ($350m) IPO on the Stock Exchange of Thailand (SET).

The IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is due to price towards the bottom of its initial range, according to a banker on the deal.