Asean

Standard Chartered has replaced Carsten Stoehr, the bank’s former global head of financial market sales, who resigned from the firm last week.

A $328.6m loan for poultry feed producer Charoen Pokphand (CP) Indonesia has seen nine lenders join, as the borrower sealed most of the funds in its local currency while capping the dollar portion at $100m.

Citic Envirotech has set up a subordinated securities issuance programme in multiple currencies, while Sun Hung Kai Properties (SHKP) is eyeing an offshore bond return.

Malaysian telecommunications giant Axiata Group ended its five year hiatus from the international bond market on November 14 with a $500m wakala sukuk that was well received by investors.

Star Petroleum Refining has started building books for its Bt15.6bn ($440m) IPO, as the leads hope to reel in investors to a rare benchmark-sized deal from Thailand that is offering an attractive dividend yield and discount to peers.

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

Julius Baer became the first foreign bank to issue a Singapore dollar-denominated additional tier one (AT1) this week. By doing so, the Swiss lender has joined a growing number of banks that are satisfying their capital needs through the country’s bond market, writes Rev Hui.

Beijing Hualian Group has received positive but cautious market feedback for the listing of its real estate investment trust in Singapore, which could raise around S$300m ($211m).

Singapore's Miclyn Express Offshore (MEO) has successfully replaced its outstanding local currency bond with a new dollar offering, making its inaugural foray into the offshore debt market.

The Asia ex-Japan bond market sprung to life on November 12 with China Huarong Asset Management, China State Construction Engineering Corp and Beijing Properties opening books for dollar bonds, while Korea Housing Finance Corp (KHFC) opted for a covered bond and Malaysia’s Axiata Group, a sukuk.

ARA Asset Management is looking to raise around S$152m ($107m) from an 18-for-100 rights issue, as the firm looks for more flexibility to meet its funding needs.

The Singapore dollar bond market is welcoming a new participant this week with Swiss lender Julius Baer going live on November 11 with an additional tier one trade – the first time a foreign bank is issuing an AT1 in the Lion City.