Asean

Two commodities companies have rolled out separate syndications into the loan market, with Vitol Asia approaching lenders for $1bn and Gunvor Singapore looking for $800m.

Indonesia-listed Sarana Menara Nusantara is set for a liquidity event after a group of shareholders put a large chunk of stock for sale to raise Rph5.6tr ($422m).

Telecom infrastructure provider Tower Bersama Infrastructure has tied up a $200m loan with its relationship banks on a club basis, with several participants booking the borrowing through their Indonesian subsidiaries.

Wilmar International, a Singaporean agricultural firm, sold its first bond in three years on Wednesday.

In a blow to the Singapore Exchange’s (SGX) dual-class aspirations, an investor group has voiced its opposition to the bourse’s plan to allow weighted voting rights, saying it could “threaten” the quality of the equity market.

Gunvor Singapore and India’s state-owned Rural Electrification Corp are tapping lenders for more than $1bn in new financings.

Halcyon Agri Corporation raised $150m on Wednesday from its maiden international bond. The deal was launched in a softer market amid increased volatility sparked by geopolitical events, but the issuer benefitted from its relationship with China’s state-owned Sinochem Group.

Two Malaysian lenders, CIMB and AmBank, have hit the loan market in quick succession, seeking a total of $700m between them.

Gunvor Singapore is set to make a comeback for its annual refinancing, this time sounding out its relationship banks for a $800m transaction.

Malaysian mortgage and securitization firm Cagamas raised $350m from its latest three year bullet, despite surprise market volatility that nearly caused the issuer to pull the deal.

Standard Chartered has created a new unit to house its private financial markets business, to bring more focus to its debt product structuring and distribution.

Wednesday proved yet another robust day for Asian bonds, with rubber company Halcyon Agri Corporation, Industrial and Commercial Bank of China’ Singapore branch and Chinese developer Times Property Holdings out for funds in the primary market.