Asean

Indonesia Eximbank is asking banks for options to refinance a loan raised in 2013, with talks involving the issuance of a new loan or a bond.

Overseas-Chinese Banking Corporation will become the third issuer from Singapore to set up a covered bond programme, its head of funding confirmed with GlobalCapital’s sister publication The Cover on Tuesday. Though similarly rated to Singapore’s other two issuers, OCBC’s business model is somewhat different.

The financial services arm of US automaker Ford has launched bookbuilding for its maiden foray into the Singapore dollar bond market.

Giles Ong, regional head of investment banking and advisory at Maybank, has resigned and plans to leave the firm in April.

Rizal Commercial Banking Corp (RCBC) has doubled the size of its medium term note programme to $2bn.

Malaysia’s special purpose acquisition companies (Spacs) have gone from showing promise to dead in the water, with the first liquidation of one of the vehicles last week. It’s time for market participants to make up their minds about the asset class.

Malaysia’s CIMB has named Kong Sooi Lin the CEO of its investment bank, a role she had filled in the interim after the bank’s group chief executive left the position.

Fixed income specialist SC Lowy and UOB Asset Management are set to launch a $400m CLO that will consist predominantly of bank loans from Asia Pacific issuers.

Australian utility firm AusNet Services diversified its funding options this week with its first outing in Singapore dollars, printing a S$200m ($142m) hybrid.

A $300m three year loan for Development Bank of the Philippines (DBP) has received commitments from 15 lenders.

The Asian Development Bank (ADB) has backed the issuance of the first climate bond in the Philippines, providing a partial guarantee to AboitizPower Corp’s notes.

The renminbi held a steady second place as the currency of choice for payments between Malaysia and China and Hong Kong, as the usage of dollar continued to dominate, according to the latest RMB Tracker from Swift.