Asean

StanChart veteran Lim retires — Lam given top China job at Citi — Citi India banker heads to HDFC Bank — BNP Paribas hires Ratliff for senior role

Commodities trader Vitol Asia has hit the market for a one year extension to a $1.48bn borrowing sealed in June 2015.

Seadrill has sold the remainder of its stake in SapuraKencana Petroleum via a MR774.72m ($198.35m) accelerated share sale, putting to bed a deal that failed to clear only three weeks ago.

Seadrill is in the market to sell an up to MR814m ($208m) block of shares in Malaysia’s SapuraKencana Petroleum via sole global co-ordinator and bookrunner Morgan Stanley.

Sona Petroleum has become Malaysia’s first special purpose acquisition company to have its proposed acquisition voted down by shareholders, dealing another blow to Spacs.

Indonesian company Sarana Multi Infrastruktur has approached retail participants for a $175m bullet loan to refinance debt.

Law firm Clifford Chance has made several senior appointments in Asia Pacific in a bid to strengthen its businesses in the region.

The limited syndication process for a multi-currency financing for affiliates of Sino Horizon has begun with one bank at the helm.

Bank of the Philippine Islands (BPI) has opened its $250m three year debut syndicated loan to retail lenders after expanding the mandated lead arranger and bookrunner group.

China Construction Bank plans to begin trading derivatives and bonds in Singapore, having teamed up with Singapore Exchange to promote the island state’s capital markets to Chinese companies.

Six lenders have joined a $50m two year borrowing for the Cambodian arm of Vietnamese telecommunications company Viettel.

Maybank timed its first Basel III tier two outing in dollars well, netting $500m last Friday. Despite the turmoil surrounding the country, the Malaysian lender was encouraged by the strong performance of the sovereign’s sukuk to come out to the market in the same week.