Asean

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.

Asia’s primary debt market is set for a busy end to the month with another four issuers - Citic Envirotech, Korean Air Lines, Powerlong Real Estate Holdings and China Construction Bank Asia all looking to attract international investors with deals of their own on Thursday.

Intercontinental Exchange launched a Singaporean trading and clearing platform with ICE Futures Singapore and ICE Clear Singapore on Tuesday.

Malaysia’s Red Sena, the first special purpose acquisition company from the food and beverage sector, has garnered an oversubscription for its institutional tranche, giving it visibility on nearly the entire MR400m ($91m) IPO.

Singaporean utility company SP PowerAssets made a rare outing to the dollar bond market on November 18, raising $700m from a tightly priced 10 year note.

Investor demand for Asian debt was put to the test this week when Singapore's Stats ChipPac executed the region’s first non-Chinese high yield bond in more than three months.

Asia’s debt market saw a busy Tuesday with a trio of issuers, SP PowerAssets, Stats ChipPac and TUS Holdings, venturing out for dollars.