Asean
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Natixis has named a new global markets head for Asia Pacific, while Standard Chartered has recruited an outsider to run financial markets.
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Tata International Singapore has mandated one bank to supply a $110m loan, which will be used to make payments to bondholders.
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The renminbi qualified foreign institutional investor (RQFII) scheme is set to end 2016 on a disappointing note with the combined value of quotas awarded amounting to roughly half of last year’s total.
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Khazanah Nasional pared some of its stake in Telekom Malaysia via an overnight placement last week, the country’s largest telecommunication deal in four years.
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A A$484.2m ($361.5m) five year facility to support Philippine company Universal Robina Corp’s acquisition of Snack Brands Australia has been allocated, with 17 new lenders coming in.
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Standard Chartered has hired industry veteran Roberto Hoornweg as global head, financial markets, set to start in the New Year.
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Indonesia’s move to pre-fund its 2017 financing requirements with a bond last week surprised the market. Views are mixed on whether it made the right decision but DCM bankers in the region hope other sovereigns will also look to make an early start on funding plans.
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Bank Negara Indonesia is wrapping up a $750m borrowing with nine mandated lead arrangers and bookrunners, returning to the loan market after a two year break. As liquidity is still abundant, the borrower is raising its biggest syndicated deal, with bankers saying that government backed names from the country will remain popular. Shruti Chaturvedi reports.
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Citi and ING have named new heads for their respective Asia debt syndicate teams, while Natixis has recruited a DCM banker from Commerzbank.
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BAML loses Hong Kong IB chief to UBS — UBS hires from Deutsche for M&A — ANZ appointments — SGX names head of fixed income sales
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The syndicate that supplied a $405m loan on which Royal Industries defaulted, is waiting for one last bank’s go-ahead for the borrower’s waiver request. All lenders must sign off the changes before they can be implemented.
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Malaysia’s MRCB-Quill Reit has raised MR487.9m ($110.1m) from a follow-on placement, executed during lunchtime on Thursday.