Asean

Yeo Hong Ping has left JP Morgan as head of Singapore investment banking to join Fullerton Financial Holdings, a subsidiary of sovereign wealth fund Temasek Holdings, according to a source with knowledge of the move.

In this round-up, Singapore Exchange reports strong trading of RMB currency futures, China’s RMB cross-border trade settlement jumps and sales under Mutual Recognition of Funds (MRF) pass Rmb2bn in May. Plus, a recap of GlobalRMB's coverage this week.

VPBank Finance, a subsidiary of state owned Vietnam Prosperity Bank (VPBank), has hit the market for a $100m borrowing with one bank at the helm.

Singapore’s Olam International found eager investors for its $500m perpetual trade on Thursday, showing that it has successfully regained the market’s confidence following a change in shareholding structure driven by a short seller report.

The Securities Commission Malaysia (SC) has released a consultation paper seeking public feedback to improve its guidelines on real estate investment trusts (Reits), it said on Thursday.

Singapore’s Olam International is seeking investors for a subordinated dollar perpetual non call five trade, opening books on Wednesday morning with initial guidance in the 5.5% area.

Indonesia’s Adira Dinamika Multi Finance has wrapped up its latest fresh money borrowing at an increased amount of $225m. The halo of indirect ownership by Temasek helped the company rake in commitments.

EC World Real Estate Investment Trust has opened books on its S$350.7m ($260.1m) listing in Singapore, as investors continue to flock to the relative safety of Reits and amid a hunt for yield.

Pricing details have emerged on a five year fundraising by Indonesian state-owned oil company Pertamina.

Global Logistic Properties this week became the first international corporate to publicly issue a Panda bond, successfully closing a Rmb1.5bn ($224m) dual-tranche offering on Monday.

Singapore-listed Ezion Holdings is planning to sell up to S$141.3m ($104.3m) worth of stock through a rights issue at a subscription price of S$0.29 apiece, according to a filing with the Monetary Authority of Singapore on Monday.

A diverse group of issuers headed to the dollar debt market on Tuesday, with a Chinese local government financing vehicle, a Singaporean real estate firm and a South Korean telephone company vying for investor attention.