Asean

Viz Branz Holdings will raise up to S$213m ($151m) in its return to the Singapore equity market, with the IPO opening books on Wednesday.

Oversea-Chinese Banking Corporation Limited (OCBC) will become the third Singaporean borrower to issue a euro-denominated covered bond this year and is expected to open order books for its debut deal on Tuesday. The deal is going to be a rare five year, so it is likely to get good execution.

Singapore Exchange has freed companies to issue up to 100% of their equity capital in rights offerings, an increase from 50% previously.

The Monetary Authority of Singapore (MAS) has issued a 10 year ban on former Goldman Sachs executive Tim Leissner from its financial sector due to 1MDB-related breaches.

A $575m borrowing by CT Corp company, Trans Retail Indonesia, has already received a few commitments, with still some time to go until the deadline.

Strict asset encumbrance limits imposed by regulators in Canada and Singapore could be increased, in a move that could improve covered bond supply from the two regions.

Wilcon Depot has fixed a price range for its IPO, and is set to raise up to Ps7.9bn ($156.8m) in the Philippines' first listing of the year.

In this round-up, the State Administration of Foreign Exchange (Safe) says it expects China’s foreign reserves to grow gradually despite global volatilities, PBoC’s dollar fix remains pretty much unchanged from the previous day and the Shanghai Free Trade Zone will open up the financial sector to more foreign investment.

Citi has rejigged the top leadership of its corporate and investment banking (CIB) franchise in southeast Asia, handing more responsibility to David Biller and Jonathan Quek.

Indonesian palm oil seller Royal Industries is looking to restructure a $405m loan after failing to repay the first and second instalments. And going by precedents, market participants are bracing themselves for a long-winded recovery process as legal proceedings unfold, writes Shruti Chaturvedi.

Malaysia’s CIMB Bank sealed a $1bn dual tranche deal on Wednesday, enticing investors with its rarity and a floating rate option, against a strained market backdrop ahead of the US Federal Reserve meeting.

Malaysia’s Eco World International has thrown open books to its potential M2.6bn ($578.5m) IPO, signing up three cornerstones to the deal.