Asean

The Indonesian ministry of finance has announced new regulations mandating bond dealers to act in accordance with the country’s best interests, effective immediately.

Indian power company NTPC and Malaysia’s Genting Overseas Holding Company are planning their respective debut outings, with the former seeking euros and the latter dollars.

Bank Negara Indonesia has hit the market for a $750m borrowing via nine mandated lead arrangers and bookrunners, launching its biggest international syndicated loan.

Indonesia’s tiff with JP Morgan has brought the country unwelcome attention. While it is right to protect its own markets from instability, doling out punishments to the US bank undermines its reputation as a sophisticated, transparent country — qualities that could deter the international investors it has so successfully attracted.

CT Corp company Trans Retail, which had been in discussions with banks for a fresh financing since late last year, is on the verge of signing the deal.

The leads on Serba Dinamik Holdings are guiding investors towards the top of the marketing range on its MR584.1m ($130.5m) Malaysian IPO.

Myanmar’s First Private Bank will become the fourth name to list on the country’s budding exchange, with its shares set to start trading on January 20.

Temasek-owned Mapletree Investments is preparing a perpetual bond, hiring two firms to work on the transaction. The currency is yet to be decided, but the firm is mulling between US and Singapore dollars.

The Republic of Indonesia is seeking bank proposals for a new dollar sukuk, with plans of returning to the Islamic finance market nearly a year after it priced a record dual-tranche bond.

Dasin Retail Trust has thrown open books to its S$146m ($102m) listing in Singapore, kicking off the southeast Asian IPO market for 2017.

Goldman Sachs’ ECM team in Hong Kong has shrunk, with the departure of the co-head of ECM syndicate for Asia Pacific ex-Japan.

The Indonesian government has cut its business ties with JP Morgan, following the bank’s decision to downgrade the country’s stocks in November.