Asean
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Deutsche Bank has made a series of senior changes to its debt and loan teams in Asia, which will see Haitham Ghattas, the new head of debt origination for Asia, take charge of four origination units.
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One of Vietnam’s largest property developers Vingroup raised VN$3tr ($135.5m) from a dual-tranche offering on February 18 in what was only the second transaction in the country to be backed by the Credit Guarantee Investment Facility.
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The Singapore government’s investment arm Temasek Holdings ventured into the euro-denominated bond market for the first time this week with a dual tranche offering driven by reverse enquiry.
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Khazanah Nasional made its inaugural appearance in the dollar sukuk market this week with a $750m transaction. But the landmark trade courted plenty of controversy around its execution and the notes’ subsequent secondary performance.
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Tim Leissner, the chairman of Goldman Sachs’ southeast Asia operations, is understood to have left the bank.
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Australia and New Zealand Bank has appointed David Green as the new chief executive officer for Singapore, replacing Vishnu Shahaney, who is taking up a new role at the bank.
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Export-Import Bank of Korea (Kexim) opened books on Wednesday for a single tranche dollar bond to be dual listed in Singapore and Taiwan. While the Korean issuer has taken this approach before in offshore renminbi, sources close to the latest deal say this is the first of its kind in dollars.
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The International Organisation of Securities Commissions (IOSCO) is planning to set up an office in Malaysia, marking the first time the body will have a presence outside of its headquarters in Spain.
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Food-to-finance conglomerate TCC Group is understood to have sent out term sheets for a $3.5bn loan to back its acquisition of a stake in retailer Big C Supercenter.
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Khazanah Nasional started taking orders for its first Islamic bond in dollars on Tuesday, while Bank of China’s Hong Kong branch launched bookbuilding for a triple tranche senior dollar deal.
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DagangHalal, the halal verification business, expressed on Monday its intention to float on London’s junior stock market.
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The Asian DCM market did not have an easy 2015 with numerous macro and political headwinds causing a fall in new issuance. While jittery conditions are here to stay, Clifford Lee, head of fixed income for DBS, told GlobalCapital Asia that his business is well positioned to combat the volatility.