Asean

A senior member of the equity capital markets desk in Malaysia’s RHB Bank has resigned, according to sources close to the move.

Fullerton Healthcare Corp is working with the Singapore regulator to resolve issues around its S$213.3m ($154.7m) IPO, with the delay causing some investors to consider pulling their bids.

Indonesian telecommunication tower company Solusi Tunas Pratama has opened the dollar portion of a $350m-equivalent multi-currency loan to retail lenders.

Goldman Sachs has named Raghav Maliah as head of southeast Asia investment banking, while picking Dan Swift to lead the lender’s Singapore team.

BDO Unibank in the Philippines and Industrial and Commercial Bank of China New York branch made their respective returns to the dollar bond market on Monday.

International Container Terminal Services (ICTSI) executed a successful liability management exercise on Thursday with a $375m perpetual non call 7.6 year, printing a deal with numerous firsts.

Swiss private bank Julius Baer returned to the Singapore dollar market for an additional tier one, clinching a S$325m ($235m) deal at a lower coupon than its debut one year ago. The positive outcome came despite the noise around European banks and concerns over Moody’s downgrade of the issuer’s existing subordinated notes.

Teflon Thailand proved its resilience again this week, as stocks rebounded and Banpu Power priced its Bt13.6bn ($394m) listing on the same day news broke about the passing of the country’s beloved king.

Export-Import Bank of Korea (Kexim) executed yet another blockbuster $2.5bn trade on Thursday just a few months after printing a deal of the same size. Korea's first four-tranche trade drew a strong response from the market, allowing the policy bank to price inside its existing curve.

In this round-up, the Shanghai Free Trade Zone introduces electronic warrants to facilitate cross-border payments for commodity companies, Macau gets high level backing for its renminbi ambitions and new RQFII quotas for Thailand and Luxembourg. Plus, a recap of our coverage this week.

Pilipinas Shell Petroleum Corp has clinched a Ps18.4bn ($380.6m) IPO after robust demand meant the leads had tough time during an allocation process that saw plenty of investors scaled back.

Malaysia’s Tenaga Nasional sold its first dollar sukuk on Wednesday, attracting $2bn of bids as investors shrugged off concerns around the country. While participants said that that the sukuk market has always been open for borrowers, they are hoping that the power company’s deal will fuel more issuance. Addison Gong reports.