Asean

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.

Singapore Diamond Investment Exchange is looking ahead to derivatives products and exchange traded funds as it opens for business as the world’s first commodity exchange for physically settled diamonds.

Kelvin Leung has left Credit Suisse’s non-Japan Asia equity syndicate desk to pursue other interests, according to a source close to the move.

Indonesian consumer financier Federal International Finance (FIF) has reappeared in the syndicated loan market for a fresh borrowing.

Manulife US Real Estate Investment Trust kicked off its second try at a Singapore listing on Tuesday with the launch of a bigger, bolder trade, this time expecting to raise up to $470m.

Standard Chartered has promoted Aaron Gwak to head Asean capital markets.

Manulife US Real Estate Investment Trust started taking orders for its $470m Singapore IPO on Tuesday and is hoping to woo investors following a failed attempt at a listing last year.