Asean

Malaysia’s Eco World International, which is planning a $500m IPO, will stick to its timeline for opening books in the third quarter of this year despite the risk of contagion from Brexit.

A subsidiary of Malaysian telecommunications company Axiata Group has approached the loan market for funds worth $100m.

Rici Healthcare Holdings kicked off pre-marketing for its up to $200m listing in Hong Kong on Thursday, according to bankers.

Indonesian motorcycle credit company Federal International Finance (FIF) has roped in nine lenders to supply a $200m three year loan on a club basis.

Cemex Holdings Philippines, an affiliate of Mexican cement giant Cemex, has kicked off bookbuilding for its Ps24.4bn ($526.3m) listing, with the offering generously covered, according to a source with knowledge of the situation.

Singapore sovereign investment arm Temasek Holdings executed a landmark transaction this week with its $1.1bn Astrea III securitization backed by cashflows generated by private equity funds. But despite the rarity of the deal and the difficulty in coming up with a price gauge, Temasek managed to expand the appeal of the product to a more diversified investor base, writes Rev Hui.

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have been investing in RMB assets ahead of the currency’s introduction into the IMF special drawing rights (SDR) basket of currency in October 2016, the two institutions said this week.

Malaysia’s RHB Group is consolidating its organisational structure, creating a new group wholesale banking (GWB) division that will bring its products under one umbrella.

Cemex Holdings Philippines has kicked off bookbuilding for its potential Ps24.4bn ($526.3m) listing, with the offering covered by cornerstones and anchor investors at the low end of guidance, according to a source with knowledge of the situation.

Indonesian state-owned Sarana Multi Infrastruktur has capped its latest borrowing at $175m despite an oversubscription that saw demand close to $600m come in.

Fullerton Healthcare is set to sell a dual-tranche Singapore dollar bond backed by the Credit Guarantee and Investment Facility. The issuer plans to hit the market as early as next week ahead of the firm’s planned IPO in late July.

CP Pokphand, the investment arm of Thai firm Charoen Pokphand Group, has sealed a $600m borrowing to repay a loan raised in 2012.