Asean
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In this round, up, cross-border RMB trade settlement falls further in Hong Kong, the RMB qualified foreign institutional investor (RQFII) scheme adds the first Thai asset manager, and the Hong Kong Exchange confirms the final list of stocks available through Shenzhen Connect from December 5. Plus, a recap of our weekly coverage.
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The Republic of Indonesia popped into the market Thursday morning, kicking off December with a new triple tranche dollar deal, the second year in a row it has hit the bond market in the last month of the year.
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Wavin Duta Jaya, one of Indonesia’s largest makers of PVC pipes, is looking to list next year, having hired a trio of bookrunners for the transaction.
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Intercontinental Exchange has appointed a chairman for its Singapore trading and clearing operations.
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Shakey’s Pizza Asia Ventures raked in Ps3.5bn ($69.3m) through a Philippines IPO on Tuesday, attracting sturdy interest from long-only funds.
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Ajay Kanwal has resigned from Standard Chartered and stepped down as regional CEO, ASEAN and south Asia, with immediate effect, the bank said.
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Overseas Chinese Banking Corporation will choose euros as its strategic currency of choice for covered bonds, according to chief financial officer, Darren Tan, who spoke to GlobalCapital along with OCBC group’s chief executive officer, Samuel Tsien.
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AirAsia is planning two IPOs, one of which will package stakes in all its southeast Asian low cost carriers into a Hong Kong listing, the airline’s group CEO said.
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Goh Ken-Yi has resurfaced at RHB Securities Singapore in a new role as head of corporate client coverage, after leaving Standard Chartered at the end of last year.
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Oversea-Chinese Banking Corporation has established its $10bn covered bond programme, and with a top rating from both Moody’s and Fitch, it is only a matter of time before the bank issues its first covered bond.
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The Philippine subsidiary of US restaurant chain Shakey’s Pizza opened books on Thursday for an IPO that could raise Ps3.5bn ($70.1m).
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Oversea-Chinese Banking Corp has become the last of the three big Singaporean lenders to pave the way for a covered bond, announcing a $10bn programme on Wednesday.