Asean

ABN Amro has given Brian McGirr a new role as head of debt solutions for Asia, and also named two internal transfers to his team.

The founder of JG Summit pared his stake in the Philippine conglomerate on Wednesday, raising a larger than planned Ps11.70bn ($250.75m) in the country’s biggest accelerated share sale in two years.

Eco World International is close to sealing a deal to bring in GuocoLand Malaysia as both a cornerstone and strategic investor in its $500m Malaysia IPO, said bankers on the trade.

Indonesian power producer Cikarang Listrindo is wrapping up the largest IPO in Indonesia in nearly five years this week. The country’s equity capital markets have been quiet this year, but that could be changing as Cikarang shows there is a strong level interest in the country from international investors. Jonathan Breen reports.

Indonesian medical testing firm Prodia has named a pair of bulge brackets and a local firm to run its listing, which it plans to launch this year.

Thailand’s Berli Jucker is planning to raise up to Bt214bn ($6.0bn) by issuing fresh equity and selling new bonds, in a bid to pay off debt used for its acquisition of hypermarket operator Big C Supercenter, according to a statement on Thursday.

China Huarong Asset Management and Midea Group are out with their respective dollar offerings while France’s BPCE is attracting bids for a Singapore dollar-denominated Basel III tier two.

JG Summit is out with the first post-national election accelerated bookbuild of size in the Philippines, with the sell-down expected to net up to Ps10.29bn ($220.53m) for a shareholder.

Singapore Exchange (SGX) said it has entered into exclusive discussions with the Baltic Exchange for a possible cash offer for 100% of the shipping-based bourse.

ABN Amro has promoted Brian McGirr as head of debt solutions for Asia, alongside two internal transfers who will join his team.

Indonesian power producer Cikarang Listrindo has narrowed the price range on its up to Rph5.0tr ($366.7m) IPO toward the bottom of guidance, according to a source close to the deal.

Indonesia’s Bank Permata is planning to raise Rph5.5tr ($403.4m) from a rights issue next month, having received the go ahead from the country’s financial regulator, according to a press release from the firm.