Asean

Lotte Vietnam Shopping has hit the international syndicated loan market for a $300m borrowing, with Standard Chartered at the helm.

CDL Hospitality Trusts, a Singaporean real estate investment trust focusing on the hospitality sector, has kicked off a S$255.4m ($184m) rights issue to reduce leverage after announcing the purchase of the Pullman Hotel in Munich for €98.9m.

NetLink Trust has kicked off bookbuilding for its up to S$2.7bn ($1.9bn) IPO, set to be Singapore’s largest listing in half a decade, according to a source close to the trade.

Malaysian property development company S P Setia is preparing to raise MR3.6bn ($839m) of new equity to finance its takeover of domestic rival I&P Group.

Qingdao Lidong Chemical Co, a unit of petroleum products company GS Aromatics, is seeking a $60m loan in general syndication.

Thailand’s PTT Exploration and Production is chasing a potential dollar deal, with an international roadshow beginning on Monday.

The Asian M&A market is heating up, providing loans bankers with some welcome relief following a relatively quiet first half. Promising opportunities from the potential spin-off of Hutchison Global Communications (HGC) and the sale of Singapore’s Global Logistic Properties have set the stage for more activity. Shruti Chaturvedi reports.

StanChart hires for ASEAN M&A — ANZ adds to Taiwan team — ING names Apac chief economist — Bond Connect expected on July 3

There is nothing better than lounging by the sea with a refreshing cocktail in one hand and a good book in the other — a perfect antidote to all the stress that comes from working in the banking industry.

A syndicated loan for Gunvor Singapore has been allotted, with more than 20 banks joining the mandated lead arrangers and bookrunners at the end of general syndication.

Louis Dreyfus Co Asia has enlisted four mandated lead arrangers and bookrunners to distribute a $400m three year loan.

The MR5.9bn ($1.4bn) IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is oversubscribed as the roadshow heads to London on Wednesday evening, according to a banker on the trade.