Asean

Malaysia’s first IPO of size this year priced comfortably at the top of indications, raising MR584.1m ($130.5m) for Serba Dinamik Holdings.

Dasin Retail Trust, which sealed the year’s first mainboard listing on the Singapore exchange earlier this month, has signed a loan that backed the IPO. The deal had four lead banks, which brought in three participants during syndication.

Debut Indonesian issuer Pan Brothers ventured out to the market Thursday, pricing a $200m five non call three deal, paving the way for more Indonesian high yield issuers.

Securities Commission Malaysia has come out with a new framework for the listing of mineral, oil and gas (MOG) firms, the regulator said.

DBS Bank issued its long-awaited debut euro benchmark this week with a choice of tenor and pricing that worked well for for the Singaporean lender. It may return later this year.

TPG Stallion Holdings raised HK$542.7m ($70.0m) after offloading a chunk of its stock in Chinese firm Li Ning Co this week, while Malaysia’s Federal Land Development Authority (FELDA) sold a block of Maybank shares for MR281.7m ($63.3m).

The Republic of the Philippines grabbed $2bn from investors Wednesday, after rolling out a new 25 year note with a tender offer for existing investors.

Zhuhai Huafa Group Co on Thursday morning opened books for its debut dollar-denominated offering. Howver, the company is no stranger to offshore markets as it has previously sold a dim sum bond.

Malaysian conglomerate Genting Group raised $1bn from its inaugural dollar bond, issued through subsidiary Genting Overseas Holding Company (GOHL).

The Republic of the Philippines launched a 25 year dollar transaction Wednesday morning, returning to the market for its regular start of the year deal.

Dasin Retail Trust has become the latest Chinese issuer to tap a Singapore listing, raising S$146m ($102m) in its IPO last week. While mainland-sponsored trusts have enjoyed relative fundraising success in the city-state, they have stuck to a tried and tested formula. Future issuers should break the mould.

Malaysia’s Federal Land Development Authority (FELDA) has bagged MR281.7m ($63.1m) after offloading a chunk of its shares in Maybank, according to a source close to the deal.