Asean

Indonesian company Sri Rejeki Isman (Sritex) is readying a seven non call four dollar note, announcing the deal on the back of strong growth in 2016.

Bank of America Merrill Lynch’s head of southeast Asia FIG investment banking and a managing director in the Asia Pacific financial sponsors group have left.

TPI Polene Power is lighting up Thai ECM, launching an up to Bt17.5bn ($500m) IPO on Friday with eight cornerstone investors in the bag.

The MTN market for real estate developers in Singapore has sparked to life. This could be linked to the government’s relaxation of property market measures that took effect on March 11.

Oversea-Chinese Banking Corporation (OCBC) stepped into the euro covered bond market for the first time with a well received €500m deal that capitalised on strong technical demand in the five year part of the curve.

The Republic of Indonesia has mandated banks for a new dollar sukuk, getting ready to re-enter the market after setting records with its dual tranche sukuk last year.

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.