Asean
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A $180m financing for Indonesian tanker company Soechi Lines has been opened to a wider group of banks, with a roadshow scheduled in Taiwan this week. -
Malaysian conglomerate Sime Darby was inundated with orders for its MR2.4bn ($571.1m) overnight share sale this week, making the tightly executed block southeast Asia’s largest follow-on in a year.
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Presiding over the fastest growth in the area
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Malaysia’s Sime Darby is out with an accelerated bookbuild to raise as much as MR2.4bn ($571.1m) via Maybank as sole bookrunner.
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Bank of America Merrill Lynch’s head of southeast Asia equity capital markets has left the firm, amid a wider reshuffle of its Asian investment banking business that resulted in a number of departures.
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Philippines' International Container Terminal Services (ICTSI) and Hong Kong’s ITC Properties Group are readying their respective dollar-denominated bonds, with both companies on the road to meet with investors this week.
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Thailand-based Kasikornbank’s Hong Kong branch and Malaysia’s RHB Bank navigated a crowded Asia bond market to bag a combined $900m.
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DBS Asia Capital has named Anuruk Karoonyavanich as its new CEO, with the appointment effective from October 1.
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Banpu Power, the energy arm of Thailand’s largest coal mining group, has hit the road for a Bt13.6bn ($394m) listing.
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Bank of America Merrill Lynch and Goldman Sachs are taking a knife to their Asian investment banking operations amid slower capital markets activity and as competition from Chinese lenders intensifies. This is just the latest in a series of culls in Asia as global banks struggle to find a suitable model. Shruti Chaturvedi reports.
