Asean

Derivatives post-trade initiatives are on the rise in Asia, said post-trade services operator TriOptima, arguing that the region is trying to improve its fragmented regulatory framework and adhere to global financial standards.

Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.

A Singapore-based banker who is part of the syndicated finance team at DBS will be moving to a new role next week, according to sources.

Myanmar Thilawa SEZ Holdings has been given the nod to float on the Yangon Stock Exchange (YSX), putting it in line to become the country's second ever listing.

Fullerton Health’s planned $200m IPO will no longer feature Morgan Stanley as one of the leads, leaving JP Morgan and UBS as the two banks handling the Singapore-bound listing.

There is hope yet for special purpose acquisition companies in Malaysia but the regulations may need tweaking after Sona Petroleum became the first Spac to have its planned acquisition rejected by shareholders.

Phnom Penh Special Economic Zone (PPSEZ) is in the final stage of its listing process, having wrapped up bookbuilding for institutional investors for Cambodia’s fourth ever IPO. The company’s chief financial officer Fong Nee Wai told GlobalCapital Asia that the outcome that surprised him the most was the strong presence of Thai accounts in the book.

Property developer Frasers Centrepoint could start investor education next week for a potential S$900m ($659.5m) real estate investment trust IPO in Singapore, according to sources close to the deal.

Indonesian telecommunications giant XL Axiata is preparing to net Rph6.73tr ($510.36m) from a rights issue, fixing the price of the offering at Rph3,150 a share.

Allocations have been issued for a $455.75m loan to support Baring Private Equity Asia’s acquisition of Singapore-based Interplex Holdings.

Thai department store operator Central Group is understood to have enlisted two lenders for a loan of about $1bn to back its acquisition of Big C Vietnam.

In this round-up, Hong Kong RMB deposits shrank further in March, southbound usage of the Shanghai-Hong Kong Stock Connect picked up, China's foreign exchange regulator granted four new RMB qualified foreign institutional investor (RQFII) quotas in April, and Singapore Exchange launched trading of derivatives under the new MSCI China Free Index. Plus, a recap of GlobalRMB's top stories this week.