Asean

Philippines’ Rizal Commercial Banking Corp (RCBC) has signed a larger $280m loan with 18 lenders on board.

Yingda International Leasing, a company owned equally by General Electric and China’s State Grid Corp, has raised the size of its three year offshore borrowing to Rmb600m ($94m) from Rmb500m, partially exercising a greenshoe option.

Thai company Indorama Ventures is set to meet Singapore dollar bond investors next week ahead of a proposed offering, which would mark its debut outing in the currency. The borrower is selling the bonds with a guarantee from the Credit Guarantee and Investment Facility (CGIF).

Mizuho Bank is expected to launch its inaugural bond in the Thai baht market on Wednesday, a few days later than planned as the borrower awaits orders from a key investor. The deal will be the first to be printed under a new pan-Asian initiative designed to streamline debt issuance.

Commodities trader Mercuria is back in the market for its annual refinancing, launching a $900m triple tranche revolver into general syndication late last week.

HM Sampoerna, the Indonesian unit of cigarette giant Philip Morris International, has launched an up to Rph20.8tr ($1.4bn) follow-on offering, with plenty of long-only funds on board as anchor investors.

Indonesian car rental service provider, Indorent, has picked four banks to helm a $100m offshore loan with general syndication expected after mid-October.

HSBC has promoted Sean Henderson to the role of deputy head of debt capital markets for Asia Pacific, as well as head of capital financing for Singapore, according to an internal memo seen by GlobalCapital Asia.

A $125m loan for Bharat PetroResources International (BPRL), a subsidiary of Bharat Petroleum Corp (BPCL), has launched into targeted syndication.

The Singapore Exchange (SGX) has set up three independent committees to strengthen the policymaking process for listings.

Citi has appointed Andrea Vanara as its Asia Pacific head of treasury advisory group, a position that has been vacant since last November.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has wrapped up and allocated its latest borrowing of $200m, double the launch size, despite struggling to gain traction in the beginning.