Asean

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.

Myanmar Thilawa SEZ Holdings has made its debut on the Yangon Stock Exchange, becoming the second ever listing on the country’s budding stock market.

China Huarong Asset Management is looking return to the offshore bond market this month, while Sri Rejeki Isman (Sritex) has announced plans for a new international deal alongside a cash tender offer of its existing notes.

Chinese property developer Powerlong Real Estate Holdings has inked a $120m term loan with three banks to refinance its existing notes.

Property developer Frasers Centrepoint has begun investor education for a real estate investment trust IPO that could raise up to S$900m ($652.1m), according to a source close to the deal.

UniCredit has appointed Amit Dewan to the newly created position of head of financing and advisory for Asia Pacific, furthering bolstering the bank’s operations in the region.

Singapore's DBS is looking to expand its covered bond investor base and has now set its sights on an Australian dollar offering.