Asean
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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.
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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.
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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.
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Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.
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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.
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GCL-Poly Energy Holdings and GCL New Energy Holdings are looking to raise a combined HK6bn ($774m) in separate rights issues as they seek to aid each other’s expansion plans.
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Standard Chartered has hired Didier von Daeniken as its global head of private banking and wealth management. He will join in March next year and will be based in Singapore.
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Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.
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CIMB Group has picked former HSBC Amanah Malaysia chief, Mohamed Rafe bin Mohamed Haneef, to head its Islamic banking operations following the resignation of the previous CEO.
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Nomura's head of southeast Asia debt capital markets is understood to be leaving the firm at the end of this month.
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Indonesian telco tower company Solusi Tunas Pratama (STP) has asked banks to relax a covenant on a loan raised in May as it anticipates future acquisitions that will change its gearing levels.
