Asean

Lippo Malls Indonesia Retail Trust priced a S$140m ($103m) perpetual non call five on Tuesday at a level that was considered fair value by both the issuer and investors.

Trans Corpora has received commitments from two banks for a $150m three year senior secured term loan that launched into syndication in June.

A handful of issuers decided to turn to the bond market on Tuesday, looking for a crucial window just one day before the US Federal Reserve makes its decision on the trajectory of interest rates.

Bursa Malaysia has overhauled a range of government securities futures products to create a Malaysian government bond benchmark for local and foreign investors.

Thailand’s CP Foods Holdings has raised $300m from an exchangeable bond, returning to the equity-linked market after a hiatus of nearly three years.

Mercuria Asia Group Holdings and Mercuria Energy Trading are gauging interest from lenders for a joint loan of $900m, according to bankers.

Australia and New Zealand Bank has lost a member of its loan syndications team in Singapore, according to sources close to the move.

BOC Aviation is out with a $1bn borrowing, opening the dual tranche deal into general syndication on Tuesday, according to bankers.

It has been 10 months since Malaysia received its renminbi qualified institutional investor (RQFII) allotment from China yet not a single institution from the southeast Asian country has been able to attain a licence. However, the lack of progress is about to end with several market participants telling GlobalRMB they are confident the first RQFII licence could be awarded by the end of the year.

DBS Bank in Singapore has mandated leads for a roadshow to market its first euro-denominated covered bond, and the second from a Singaporean lender in euros.

Silk Road bonds are one of the latest gimmicks bankers are trying to promote with an event dedicated to the topic taking place in Hong Kong last week. While the concept of the bonds, linked directly to China’s ambitious Belt and Road initiative, is promising, proper guidelines need to be in place for the product to take off.

Frasers Hospitality Real Estate Investment Trust has launched a rights issue to raise up to S$266m ($195.1m), according to a filing with the Singapore Exchange.