Asean

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.

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).