Asean

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.

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.