Asean

Wenzhou Kangning Hospital Co is set to pre-market its $100m Hong Kong IPO on October 26, with investor education slated to run for about two weeks before bookbuilding starts.

Sino-Singapore Tianjin Eco-city (SSTEC) has completed its debut foray into the offshore bond market this week, raising Rmb1bn ($157m) from a three year offering. The debutant was able to piggyback on the success of recent dim sum outings from Chinese financial institutions.

The Vietnam government’s prized stakes in 10 firms are up for grabs, as the state looks to sell down its holdings in the country’s largest dairy producer, a telecommunications firm and an insurer among others.

The Securities Commission Malaysia (SC) is fine-tuning its rules for IPOs of mineral, oil and gas exploration or extraction (MOG) firms, following in the footsteps of several bourses in the region. The proposal brings Malaysia closer to international standards for MOG listings, but has elicited mixed responses from industry participants, writes John Loh.

Julius Baer has announced plans to issue a Singapore dollar-denominated Basel III additional tier one (AT1). If it goes ahead with the deal, the Swiss firm will be the first foreign bank to issue an AT1 in the city state.

Westpac has appointed Sneha Sanghvi as its new head of financial markets for Asia, replacing Michael Bass who is relocating to the bank’s London office.

Noble Group has wrapped up a new $1.1bn borrowing, making a comeback to the loan market just six months after completing a larger syndication.

Sino-Singapore Tianjin Eco-city (SSTEC) and Rizal Commercial Banking Corp are both eyeing the offshore bond market, with the issuers hiring banks for their respective offerings.

Bank of Jinzhou Co has filed afresh for a $600m IPO in Hong Kong, which was delayed in June due to regulatory issues and scrutiny around its loan exposure to the Hanergy Group.

The Securities Commission Malaysia (SC) is looking to refine its criteria for the listing of companies in the mineral, oil and gas exploration or extraction (MOG) sectors on its bourse, with the regulator releasing a consultation paper on October 15.

Singapore-listed Frasers Centrepoint (FCL) has signed a £300m ($468.5m) five year acquisition loan via Frasers Hospitality UK Holdings.

Kino Indonesia has started pre-marketing its IPO to investors, as the fast-moving consumer goods company seeks $100m to $150m from a domestic listing.