Asean

ING has appointed a new director to its syndicated finance team in Asia Pacific, replacing a banker who has moved to a new department within the firm.

Datang Environment Industry Group Co, a unit of state-owned China Datang Group, is seeking to list in Hong Kong, tapping Citic CLSA Securities and Morgan Stanley as joint sponsors.

Ascendas Real Estate Investment Trust (Reit) is looking to raise capital for a planned acquisition in Australia, wooing investors in the Singapore dollar hybrid market.

Singapore Exchange (SGX) has created a new index targeting Asian issuers and investors, as it seeks to fulfil the increasing demand for index-linked investment opportunities in the region.

Thai petrochemical producer Indorama Ventures has made its debut in the Singapore dollar bond market, raising S$195m ($137m) from 10 year notes backed by the Credit Guarantee and Investment Facility (CGIF).

JP Morgan has made two senior hires to its China investment banking business, this time poaching from Bank of America Merrill Lynch and Rothschild as it continues to build its franchise in the country.

Cigarette giant Philip Morris International has cut its stake in its Indonesian unit HM Sampoerna, netting a chunky Rph20.3tr ($1.38bn) in the process. The success of the trade was down to large commitments from anchor orders, who signed up for nearly half of the shares in advance.

Commerzbank has lost a senior member of its Asia DCM syndicate team, according to a source close to the move.

ANZ has received the final regulatory approval from the Central Bank of Myanmar to open its first branch in the country, deepening the Australian lender's presence in the Greater Mekong region.

Commodities trader Trafigura has seen big success with its syndicated loan, bumping up its fundraising to $2.2bn from the launch size of $1.6bn.

Mizuho Bank has raised Bt3bn ($83m) from its debut in the Thai bond market, with the deal also marking the first offering under a new pan-Asian initiative designed to streamline debt issuance. The trade received a robust response from investors, and is expected to pave the way for other similar transactions.

The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.