Asean

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.

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.

Thailand-based Kasikornbank’s Hong Kong branch and Malaysia’s RHB Bank navigated a crowded Asia bond market to bag a combined $900m.

DBS Asia Capital has named Anuruk Karoonyavanich as its new CEO, with the appointment effective from October 1.

Banpu Power, the energy arm of Thailand’s largest coal mining group, has hit the road for a Bt13.6bn ($394m) listing.

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.

A number of Asian borrowers are choosing to prepay their syndicated loans for various reasons, including a bearish outlook on growth. Their actions are compounding the woes of loan syndications bankers, who are already battling low deal activity, writes Shruti Chaturvedi.

Pilipinas Shell Petroleum Corp, the local arm of oil and gas conglomerate Royal Dutch Shell, has started sounding out investors for its upcoming Ps29.7bn ($614.9m) IPO. It is coming at a time when the country’s equities market and currency have been volatile, but early signs suggest the issuer is set to defy the challenges. Jonathan Breen reports.

Siong Ooi, who until recently was head of the Asia Pacific syndicated and leveraged finance unit at Bank of America Merrill Lynch (BAML), is understood to be heading to Bank of Tokyo-Mitsubishi UFJ (BTMU) in December, according to multiple sources.

Fullerton Healthcare Corp plans to raise up to S$270.8m ($199m) in an IPO on the Singapore Exchange, launching the deal on Thursday.

What I would not give to be one of those guys who has a helicopter at his beck and call, a limousine and a personal assistant whose sole responsibility is to make life easy and organised.

Unrated HNA Group made a quick return with a $200m bond this week, just one month after its last offering. On the same day, Kawasan Industri Jababeka from Indonesia also priced an exchange offer for its existing 2019s.