Asean

Funding the plethora of infrastructure projects needed to hit the government's targets over the next five years is going to require a number of funding sources, from the government itself to multilateral institutions to bank lenders. But no-one doubts that the bond market is going to play a role. Asiamoney sat down with high-level representatives from all sides of the market to find out exactly how big that role can be.

For the second part of Asiamoney's Indonesia project finance roundtable, Ray Tay of Moody's chaired a discussion on the potential for PPPs and the best way to attract the private sector.

The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it shows up previous iniquities while opponents fear it will be a mere tool for China's projection of power. Peter McGill reports.

Asiamoney is pleased to present its choices for Asia’s Best Managed Companies 2015. The winners were the firms that impressed us the most through a combination of factors including innovation, financial performance and strategic execution, and after also surveying the views of regional analysts and investors. Our congratulations to all those chosen.

Indonesian oil and gas company, Pertamina, has picked three banks for a potential bond and is set to hit the road to meet investors next week.

Coal miner Adaro Energy Indonesia is speaking to its relationship banks about refinancing existing debt, and is planning to send out a request for proposals next week.

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.