Asean

MYANMAR

Myanmar’s elite are having to adapt to new realities. For Htoo Htet Tay Za, head of AGD Bank, that means trying to create a modern bank in a backward financial system while battling allegations of cronyism levelled against his family

Indonesia’s Modernland Realty is preparing for a new US dollar bond this week, following compatriot property issuer Pakuwon Jati’s tightly priced February deal.

Sumitomo Mitsui Banking Corp has beefed up its loans distribution team for Asia, in line with its objective to build its capabilities in the business.

Indonesia Eximbank and State Bank of India each secured $500m bonds on Thursday, offering investors some alternative to the Greater Chinese names that blasted into the market.

Singapore-based Fullerton Healthcare sealed an inaugural dollar-denominated perpetual from a company in the healthcare sector in Asia, bagging a larger-than-expected $175m from its first dollar outing on Thursday.

Senior loans banker Sean Joseph left ANZ Bank on Friday, according to a source close to the matter.

Asia ex-Japan G3 DCM volume reached a new high in the first quarter, with high yield names staging a resurgence. Chinese borrowers dominated the market, but given their deal timing is being tightly regulated, high yield credits from the rest of Asia are jumping into action, buoying sentiment for the next quarter. Addison Gong reports.

Astra Sedaya Finance (ASF) is targeting Taiwanese bank liquidity for its latest syndicated loan, a $90m amortiser helmed by three banks.

The Philippine arm of Del Monte Foods is set to issue the country’s first dollar-denominated securities (DDS) on the stock exchange.

WHA Utilities and Power has raised Bt6.0bn ($174m) from its IPO, taking advantage of a flood of domestic demand to price at the top of guidance.

Indonesia Eximbank and State Bank of India launched new dollar deals on Thursday, in a busy Asian debt market ahead of a holiday-filled April.