Asean

Indonesian telecom giant XL Axiata is preparing a rights issue as it looks to pay back a $500m shareholder loan.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), which allocated its last loan in September 2015, is back for a borrowing of up to $200m.

Commodity trader Gunvor Singapore has begun talks for a loan to refinance a $1.0627bn dual tranche revolver it wrapped up in July last year.

Lippo Karawaci has completed an early exchange offer to repurchase its outstanding notes as part of a debt management exercise. The result shows that the firm has come close to what it was expected to raise with the bond swap.

Myanmar’s stock market regulator is set to name the first company to be able to sell its shares on the Yangon Stock Exchange (YSX).

Thai telecoms and media company True Corporation is planning to sell Bt60bn ($1.68m) worth of shares through a rights offering, according to a filing with the Stock Exchange of Thailand.

The Republic of Indonesia has chosen five banks to work on a dollar sukuk to be sold in the first quarter of the year.

Nehchal Khanna, a managing director at Morgan Stanley’s investment bank, is leaving the firm.

Thin deals volume from Indonesia last year is expected to continue into 2016 because of pressure on commodities and unfavourable swap rates. But there might be some respite on the way when it comes to pricing loans for state-owned companies, writes Shruti Chaturvedi.

Lorna Greene, a former Commerzbank banker, has resurfaced as a member of National Australia Bank’s Asia DCM team.

Philippine homebuilder Vista Land & Lifescapes opted to tap its outstanding bond rather than sell a new deal on Wednesday due to challenging market conditions. Although pricing wasn’t as tight as expected, offshore investors were still keen due to its scarcity value and a lack of other primary supply.

The Taiwan Stock Exchange and Singapore Exchange have cemented a strategic partnership that will allow Taiwanese brokers to directly trade Singapore-listed securities.