Asean

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.

Myanmar has welcomed its second ever listing with Myanmar Thilawa SEZ Holdings making its debut last Friday to a rousing reception, with its shares jumping by a third in the first two days and even hitting its daily trading limit. While impressive, the rally throws light on the problems ailing the budding stock market.

China Development Bank has mandated leads to work on a dual-currency offering, while the Republic of Indonesia is set for a roadshow ahead of new euro-denominated notes.

Indonesia’s Medco Energi Internasional is planning a rights issue to raise Rph4.66tr ($349.59m), in a deal that could increase its share base by almost half, according to a company filing.

Indonesia’s Adira Dinamika Multi Finance is in the loan market for a $100m fresh money borrowing via two mandated lead arrangers and bookrunners.

Trans Corpora is poised to decide this week whether to open syndication on a $150m loan that Credit Suisse and Maybank have pre-funded, according to bankers close to the transaction.

Cikarang Listrindo could raise Rph6.3 ($464m) from its IPO, thanks to strong demand that has covered a potential 33% increase option, according to a source close to the deal.