Asean

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.

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.

Citi and ING have named new heads for their respective Asia debt syndicate teams, while Natixis has recruited a DCM banker from Commerzbank.

BAML loses Hong Kong IB chief to UBS — UBS hires from Deutsche for M&A — ANZ appointments — SGX names head of fixed income sales

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.

Malaysia’s MRCB-Quill Reit has raised MR487.9m ($110.1m) from a follow-on placement, executed during lunchtime on Thursday.

VietJet Aviation is set to seal Vietnam’s largest domestic IPO as it heads towards the end of its management roadshow. It is giving international investors a rare opportunity to buy stock thanks to its decision to use a Reg S structure, with more privately-owned companies expected to follow suit. Jonathan Breen reports.

Malaysia's MRCB-Quill Reit is out with a placement of up to MR487.9m ($110.1m), which will close and price on Thursday afternoon local time.

The Republic of Indonesia re-opened G3 sovereign bonds for emerging market issuers last week with a $3bn triple-trancher — the second December in a row that it has made an early start on its funding plans. While its timing has come under criticism from some market watchers, the country made a savvy move given the circumstances.

ING Bank has hired Winston Tay as head of Asia debt syndicate in Singapore, effective Wednesday.

Singapore-listed MYP has halved its rights issue to S$97.9m ($68.8m) after shareholders gave the fundraising the cold shoulder.

Nine banks have banded together to arrange a $750m dual tranche facility for Bank Negara Indonesia (BNI).