Asean

The Philippine arm of multinational company Del Monte Foods is on track to become the first issuer of dollar-denominated securities (DDS) on the southeast Asian stock exchange.

Indonesia Eximbank is meeting investors for its second dollar bond, while Indika Energy is looking to refinance its 2018s with new notes.

High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.

Chinese issuers Fujian Yango Group and Tewoo Group Co, alongside Fullerton Healthcare Corp from Singapore, are wooing investors for their respective dollar bonds with roadshows set to take place this week.

Japfa Comfeed Indonesia sealed a $150m bond on Thursday, exceeding both its pricing and size targets, as an improved credit profile and a conducive market backdrop contributed to the deal’s success.

The Monetary Authority of Singapore aims to boost the green bond market by introducing a grant scheme this year to incentivise socially responsible issuers.

TPI Polene Power priced its Bt17.5bn ($500m) listing in Thailand at the top end of guidance as investors swarmed in, with the hefty demand proving a challenge during allocation.

Singapore’s Viz Branz Holdings called off a S$213m ($151m) IPO on the night it was due to price, indefinitely postponing its comeback to the public markets.

Thailand’s first IPO of the year is bound for a strong finish, with the leads on TPI Polene Power guiding investors to the top of the price range.

The Republic of Indonesia broke its own Islamic finance record on Wednesday, sealing a whopping $3bn dual tranche sukuk.

Eco World International has raised MR2.6bn ($587.4m) from its IPO after domestic investors piled into the deal.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co, Japfa Comfeed Indonesia and Zhuhai Huafa Group Co ventured into the debt market on Thursday, following some recovery in credits in the US overnight.