Asean

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.

Investors have a rare investment proposition on their hands with Singapore sovereign investment arm Temasek Holdings launching its $1.1bn Astrea III securitization on Friday, a transaction backed with cashflows generated by private equity funds.

Boustead Holdings completed its MR1.05bn ($256.55m) rights offering on Wednesday with a slight oversubscription.

A single bank has launched into syndication a $70m three year facility for Bank for Investment and Development of Cambodia (BIDC).

Barclays names new HK chief — Lee leaves Goldman loans team — Chadha departs from Deutsche — DBS India finds new banking head — Huray for RHB IB

Robert Huray is set to replace Mike Chan as head of Malaysian group RHB’s investment bank, according to sources close to the matter.

A trio of issuers — China Huiyuan Juice Group, Hong Kong Airlines and Global Logistic Properties (GLP) — are preparing offerings in China’s Panda bond exchange market.