Asean

Korea Development Bank (KDB) sold two tranches of floating rate notes on March 18, in a transaction that was driven by reverse enquiry from Taiwanese banks.

The Republic of Indonesia hit the market on Monday as it seeks to tie up a five year and a 10 year wakala — the first time the southeast Asian country has attempted a sukuk offering in two tranches.

One of the world’s largest port operators PSA International has mandated DBS and Deutsche Bank to run a series of investor meetings this week.

TCC Group subsidiary Berli Jucker Public Co has signed up nine lenders for a €3.2bn ($3.5bn) portion of a larger loan to support its acquisition of retailer Big C Supercenter.

Thailand’s TMB Bank is set to return to the dollar bond market for the first time in 10 years, having mandated three lenders for a roadshow next week.

In this round-up, China's cross-border trade settlement fell to a near three-year low in February, CME reports record levels of trading in its offshore RMB futures, RMB spot trading fell but swap trading surged on the Moscow Exchange, Singapore renewed its currency swap line, and Deutsche Bank sets up a the first interbank host-to host platform by a foreign bank in China. Plus, a recap of GlobalRMB's top stories this week.

United Overseas Bank is making a quick return to the dollar bond market, reopening its $500m 2026 tier twos on Friday.

Cemex Holdings Philippines (CHP), an affiliate of cement giant Cemex, is looking at a potential Ps39.7bn ($851.6m) IPO as it waits for the go ahead from the country’s stock market regulator.

Myanmar’s Yangon Stock Exchange (YSX) is preparing its first listing, with local conglomerate First Myanmar Investment (FMI) set to do the honours on March 25. But the IPO is unlikely to be a real test of market appetite, as it is not raising any new money with its transaction. Jonathan Breen reports.

Malaysian telecommunications group Axiata extended its credit curve this week, raising $500m from a 10 year wakala sukuk.

Intercontinental Exchange has begun clearing the iTraxx Australia and Asia ex-Japan Investment Grade credit default swap indices, as well as six individual sovereign credits in the region.

Thailand’s Securities and Exchange Commission (SEC) plans to bolster confidence in the country's capital markets with a set of new guidelines for institutional investors.