Asean

India’s Reliance Industries signed its $1.47bn dual-currency loan at the end of last week in Dubai, with the deal sealed following commitments from a group of around 30 lenders.

Saka Energi Indonesia, a subsidiary of Perusahaan Gas Negara, has hit the market for a financing of up to $600m and is giving the banks the option of booking the loan onshore or offshore.

BHG Retail Real Estate Investment Trust (Reit) has opened books for Singapore’s first mainboard IPO of the year, placing more than half of the S$255.8m ($181m) worth of stock in the hands of cornerstone investors.

Construction firm Datem, which received approval from the Philippine Stock Exchange earlier this month for its IPO, has decided to postpone its plans.

Mercuria Energy has wound up its latest multi-tranche loan at an increased size of $1.1bn. The shorter one year portion proved popular among lenders, but a three year tranche ended up being scaled back.

China Construction Bank (Asia) has priced a two year dim sum amid a market sentiment that is less than favourable for dim sum issuance. However like other recent deals from state-owned banks, this latest trade was driven more by diplomacy than funding needs.

Chinese water treatment firm Citic Envirotech has printed its first dollar bond, raising $175m from a trade that was designed to take advantage of Asian private banks’ increasing need for yield.

In this round-up, new RMB mini metals contracts coming on HKEx, Singapore Exchange and EBS to launch CNH block futures, Turkey renewed its RMB swap line, and Morgan Stanley said one of its funds will start trading via the Shanghai-Hong Kong Stock Connect link.

The Republic of Indonesia has picked 10 banks for a 2016 bond panel and mandated four of them to work on a dollar offering that could raise up to $4bn.

The up to $200m debut syndicated loan for the central bank of Laos has received a handful of commitments and more are expected before the deal wraps up in early December.

Philippine property developer DM Wenceslao and Associates started gauging investor appetite for its $150m-$200m IPO on November 13 as it gears up to become the biggest listing in the country this year.

Standard Chartered is continuing to make a raft of changes to its business, dismantling its project finance operations in Hong Kong and seeing some senior departures.