Asean

Ranhill Holdings will sell shares in its MR807.5m ($188.32m) IPO in Malaysia at a ceiling of MR1.70 apiece, with the trade slated to launch by the end of January, said a banker.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

The Republic of the Philippines is interested in selling a Panda bond in China's onshore debt market for the first time in 2016.

The Singapore Exchange (SGX) has created a bulletin on its website that for the first time will shed light on non-public regulatory action it has taken in response to breaches of the listing rules.

The Kingdom of Thailand has outlined its plans for debt funding in 2016. Bond issuance will be mostly done in the domestic market, but the sovereign is open to issuing a dollar-denominated offering in the second half of the year.

The central bank of Laos is planning to close its debut offshore syndicated loan at a size of $158m, in a deal that bankers are hailing as a benchmark for other issuers from the country.

San Miguel Corp is leaning towards peso as its currency of choice for a $1.1bn financing for a potential joint venture with telecommunications company Telstra.

The Stock Exchange of Thailand is aiming to hit Bt270bn ($7.5bn) in market capitalization for IPOs in 2016, after beating its target for this year by nearly Bt50bn, according to a statement from the bourse.

The Lao People’s Democratic Republic has become the first foreign issuer to sell a dollar bond in Thailand’s domestic market, raising $182m from a privately placed offering.

More cross-border RMB activities can be expected as the People’s Bank of China (PBoC) has approved Rmb50bn ($774m) of RQFII quota to Thailand, and agreed with Russia to deepen bilateral financial co-operations, including facilitating the Russian government to issue Panda bond in China.

Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.

Tata Motors has allocated its $600m dual-tranche refinancing among a group of 36 banks. The company split the amount evenly between a five year and a seven year despite the longer tenor seeing a higher volume of commitments.