Asean

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.

The Hong Kong government this week made its pitch to be the link between Asean countries and China under the ‘One Belt, One Road’ initiative. The city should leverage its “super-connector” role to become the Asean trade centre on the OBOR map, said So Kam Leung, Secretary of Commerce and Economic Development Bureau of Hong Kong at the Hong Kong-Asean Summit on September 14.

Philippines’ Rizal Commercial Banking Corp (RCBC) is considering increasing the size of its $200m three year fundraising, after gathering commitments from 15-16 banks in syndication.

Indonesia's Mitra Pinasthika Mustika Finance has tasted success with its maiden outing in the offshore syndicated loan market, increasing its deal to $150m and establishing relationships with lenders across Asia.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is understood to have increased the size of its borrowing to $200m — double the launch size.

South Korea's Hotel Lotte has appointed one domestic and two global banks to manage its 2016 IPO.

VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has seen commitments come in during general syndication for a $100m three year facility.