Asean

Singapore’s HRnetGroup is closing books on its S$174m ($125.7m) IPO a day earlier than planned after investors jumped onboard the deal.

Singaporean broadband provider NetLink Trust is set to begin investor education this week for its IPO, which could raise around $1.5bn, according to a banker close to the deal.

Allocations are out for Petron Corp’s loan, which was opened to retail participation in late March. The company has absorbed the excess demand that came in during syndication, boosting the deal size to $1bn from $600m.

DBS Group sold its first senior unsecured bond in three years on Thursday, sealing a floating rate 2020 at a record tight spread for any Asia ex-Japan bank so far this year.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is tapping the syndicated loan market for $100m split into two tranches with different tenors.

Indonesia's Mitra Pinasthika Mustika Finance has returned to the international loan market with a $100m deal, less than a year after signing its last fundraising.

HSBC Holdings stormed into the Singapore dollar bank capital market on June 1 with a S$1bn ($722m) additional tier one that notched up a number of firsts, as the issuer took advantage of the liquidity and stability of the currency.

Cambodia’s Sihanoukville Autonomous Port has wrapped up the subscription period for its Riel108.1bn ($26.5m) IPO, concluding the country’s fifth and largest listing to date.

The Republic of Indonesia priced a ¥100bn ($900m) bond on Wednesday, its first public Samurai deal in decades and its maiden fundraise following an upgrade to its credit rating. Although the issuer was forced to drop a 10 year tranche, its transaction was a blow-out, reflecting Japanese investors’ strong interest in foreign paper. Addison Gong reports.

Three banks will supply funds to back private equity firm Partners Group's acquisition of business process outsourcing firm SPi Global.

Investors threw their weight behind two IPOs in Asia this week, with WuXi Biologics set to price at the top of expectations in Hong Kong and Singapore’s HRnetGroup getting covered across the range.

Online gaming and media platform VNG Corp is eyeing a listing on the Nasdaq, potentially the first US IPO from a Vietnamese firm, according to a statement from the company.