Asean

Sukuk investors are getting ready to welcome Malaysia's dollar offering, with the sovereign hiring four banks to organise a global roadshow.

Eastspring Investments has named Raymond Tang as chief executive officer of its Malaysia operation, according to a statement from the firm on Monday.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.

Maybank opened its $400m five year bullet loan to retail participation on Thursday after expanding the mandated lead arranger and bookrunner group.

Singapore-based wastewater treatment company Hyflux has cut the size of its loan to $224m after failing to muster enough demand.

Phnom Penh Special Economic Zone (PPSEZ) is poised to be the fourth stock to list on the Cambodian Stock Exchange, receiving the thumbs up from the country’s securities regulator.

Indonesia is set to introduce new tax breaks for real estate investment trusts and could push through other reforms in a bid to get the asset class going. But even as local property owners have begun to mull plans to push their real estate into Reits, there are still kinks that need to be ironed out. John Loh reports.

Eco World International has obtained approval from the Securities Commission Malaysia for its IPO, which is expected to raise $500m by the middle of this year.

Credit Suisse has named former Macquarie banker Cheun Hon Ho as its new southeast Asia ECM head.

Singapore’s PSA International braved a crowded market on Tuesday to make a return to dollar bonds after a six year absence. The rarity of the name worked in the issuer’s favour, allowing it to meet its key pricing objective.

OUE Hospitality Trust’s S$238.6m ($175.7m) rights issue has been a big success, with shareholders signing up for 1.4x the shares on offer, according to a company filing.

Singapore’s PSA International broke its six year absence from the bond market in style on Tuesday, raising $500m in a deal that met its objective of pricing inside the curve of the closest comparable.