Asean

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.

Mitra Pinasthika Mustika Finance is poised to launch a $100m borrowing into syndication next week, with the Indonesian firm having mandated a trio of banks to arrange the deal.

The Singapore dollar bond market has been dominated by financial and corporate subordinated debt in recent weeks with transactions worth S$2.64bn ($1.9bn) sold since the start of May. While the swap driven nature of the demand means issuance will be patchy, bankers believe this trend could run for some time, writes Rev Hui.

CIMB Group has reinstated Nazir Razak as chairman following a month-long review triggered by several money transfers involving his personal bank account.

Indonesian state-owned oil company Pertamina has requested proposals from banks for a $1bn five year loan that includes a greenshoe option, according to bankers.

A pair of private equity firms have raised a combined Rph3.02tr ($223m) from a share sale in Indonesia’s Matahari Department Store, after a burst of demand allowed the vendors to enlarge the size of the offering.

Marlin Enterprise has opened syndication for a $425m five year loan to finance its acquisition of a gold mine in North Sumatra in Indonesia, said bankers working on the trade.