Asean

UBS has promoted Choo-Guan Yeoh to the newly created position of head of ASEAN equities, putting her in charge of development of the business in the region.

China-based EC World Real Estate Investment Trust has fixed the price range for its Singapore IPO to raise as much as S$365.97m ($272.7m), according to a draft prospectus filed with the city-state’s regulator.

Malaysia’s MRCB-Quill Real Estate Investment Trust is looking to raise MR427m ($106m) through an equity placement in the fourth quarter of this year to part-fund the acquisition of an office tower in the capital.

The impact of the UK’s decision to abandon its European Union membership hit Asian equity capital markets with varying degrees of intensity this week, with some IPOs wobbling and others braving market jitters to launch deals. But orders have become smaller and there is a clear flight to safety among investors. Jonathan Breen and John Loh report.

Cemex Holdings Philippines has raised Ps21.9bn ($465m), pricing its IPO near the bottom of guidance after it was put under pressure by last week’s Brexit decision.

Fullerton Healthcare has made its debut in the Singapore dollar bond market, raising S$100m ($74m) from a deal backed by the Credit Guarantee and Investment Facility (CGIF). Bankers on the trade reckon the issuer’s sector, as well as the bond’s structure and currency, were the winning ingredients to navigate volatility.

Indonesian television broadcaster MNC Sky Vision has launched the second stage of syndication for its latest loan, having added two lenders in senior. The company has also trimmed the size of its fundraising to $225m from $275m after accessing an alternate source of funds.

Telekomunikasi Indonesia raised Rph3.3tr ($246m) from the first post-Brexit block trade in Asia, with the deal not only braving the fallout of Britain's exit from the European Union but also doubling in size.

Real estate developer Vingroup Joint Stock Company is back in the loan market for a $240m five year borrowing, which comes with a $60m greenshoe.

Momentum is building for real estate investment trusts (Reits) among Indonesian corporates, after Ciputra group became the latest firm to take steps towards a listing, Fitch Ratings said in a note on Tuesday.

A $425m five year loan for Marlin Enterprise's acquisition of a gold mine in Indonesia has been received well by retail lenders.

Citic Envirotech has priced a $180m tap of its existing $175m 5.45% perpetual notes at the tighter margin of 4.25%, becoming the first Asian G3 bond issuer since the UK’s decision last Friday to leave the European Union.