Asean

Standard Chartered has revealed the new management structure of its global capital markets team following a highly publicised restructuring last year. Leading the revamped capital markets unit is Henrik Raber, who told GlobalCapital Asia this week that he is confident the bank will be able to stand strong amid changes. Rev Hui reports.

Taiwanese conglomerate Formosa Plastics Group has launched a $2.5bn dual tranche loan into syndication.

Citi has created a consolidated Asia Pacific debt syndicate team to sniff out opportunities in local currency issuance, while Deutsche Bank has appointed a senior executive to head debt syndicate and origination in the region.

Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.

Indonesia is making a renewed push to list its myriad state-owned enterprises in a bid to relieve pressure on public finances. But those plans could yet be scuppered by a host of issues, not least of which is domestic politics.

January kicked off with China front and centre as the upheaval in its stock market caused indices across the globe to tumble. South and southeast Asia did not escape unscathed but the chances are that when markets stabilise, investors will be eager for equity issuance from the region.

China Nonferrous Metal Mining and Vista Land & Lifescapes are meeting investors ahead of their respective dollar offerings, while Hangzhou Hikvision Digital Technology is set to gauge interest in Europe for a euro-denominated deal.

Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.

Singapore Exchange will launch swaps and futures at the end of the month on its FOB SGX LNG Index Group (SLInG), a recently unveiled spot price index for Asian liquid natural gas.

Indonesian car rental service provider Indorent has raised $100m from its debut international syndicated loan. The borrowing came with a greenshoe of $50m, which was not exercised.

A $2.5bn loan for Taiwanese major Formosa Plastics Group launched into general syndication last week, with a big chunk to be used to finance projects in Vietnam.

Bank Julius Baer has made senior changes to its southeast Asia business, creating the role of vice-chairman as well as appointing a new head of private banking.