Asean

The Hong Kong Monetary Authority (HKMA) released one of the most disappointing sets of RMB data last week when it revealed that the city’s renminbi deposits had plunged 12.9% in December 2016 to Rmb546.7bn ($79.5bn).

UniCredit has made three senior appointments in Asia, including to its management in Singapore and Mumbai, as well as hiring Florence Blazy as a senior banker in France.

Power company Gulf Group has appointed a consortium of domestic and foreign firms to run its planned listing on the Stock Exchange of Thailand (SET) this year.

Philippine lender BDO Unibank has sealed a rights issue worth Ps60bn ($1.2bn) in the largest ECM transaction in the country in nearly four years.

ANZ has appointed Sanjay Mathur as chief economist for southeast Asia and India, beginning this month.

Malaysian conglomerate Sime Darby Group is planning to spin off and list its plantation and property businesses, while retaining its trading and logistics operations, in an effort to create three pure play arms.

Indomobil Finance Indonesia has increased the size of its latest syndicated loan to $250m from the initial $100m, keeping with its tradition of absorbing demand rather than heavily scaling back participants.

A stable market backdrop and the rarity of Thai credits allowed Siam Commercial Bank (SCB) to price its $400m bond tighter than its peers.

Astra Sedaya Finance is speaking to banks for a fresh money borrowing of up to $150m. The discussions for the new loan come just one month after the company signed a $200m deal targeting Japanese lenders.

Malaysia’s UMW Oil & Gas Corp (UMW-OG) has proposed to raise MR1.8bn ($405.9m) in a renounceable rights issue to smooth the way for a corporate exercise.

S&P Global Ratings has named Elena Okorochenko as its head of Asia Pacific, alongside a host of senior appointments.

Siam Commercial Bank and the Industrial Bank of Korea both returned to the dollar bond market on Monday an extended period away.