Asean

International Container Terminal Services (ICTSI) provided a breath of fresh air to Asia’s bond market with its $450m perpetual deal. The lack of issuance this year from Philippine borrowers worked in the company’s favour, but SMC Global Power Holdings Corp’s quick follow-up had to endure a turn of sentiment in the market.

This week’s stunning slide in the Malaysian ringgit has rocked markets, as the currency slipped to a 17 year low against the dollar. That weakness is now spilling over into capital markets. The slump is shutting out activity for certain sectors and forcing domestic companies to rethink — or abandon — their fundraising plans, writes John Loh.

Trio to arrange $500m for SBI — NewOcean Energy returns for $170m — China duo clinch $1.1bn Wuxi take-private loan — Tiphone out for $184m — Kingboard to increase from HK$5bn

Myanmar has stepped up its efforts to establish the country’s first modern stock exchange following the release of a series of listing criteria last week. The high standard of the requirements means only a handful of companies will be eligible to list, but bigger issues will in any case need to be addressed before the Yangon Stock Exchange (YSX) can launch, writes Rev Hui.

A spike in Asian green bond issuance this year has not yet spurred the use of the instrument by borrowers in the Asean region, where the conventional debt markets already face challenges as they develop. But credit enhancements and strong precedents from neighbouring countries could help generate more green activity in southeast Asia, writes Christina Khouri.

French banks Natixis and BNP Paribas have rejigged their Asian loan syndication teams.

Oversea-Chinese Banking Corporation has priced a S$500m ($356m) perpetual non call five, the bank’s first additional tier one (AT1) offering. Deal-hungry investors came in strong for the Lion City’s first AT1 in almost two years.

International Container Terminal Services (ICTSI) provided a breath of fresh air to Asia's bond market this week thanks to its $450m perpetual deal. The lack of issuance this year from Philippine borrowers worked in the company’s favour, with the trade opening up an opportunity for more perps to follow.

After the uneasy calm that fell over equity markets following China’s devaluation of the renmimbi last week, investors got another rude shock on Tuesday when Shanghai stocks tumbled 6.2%, prompting bankers to mull over the possibility of pulled deals.

Tiphone Mobile Indonesia has hit the market for a dual currency financing of $184m, with four mandated lead arrangers and bookrunners. The leads have gone out to a limited number of banks for syndication.

Oversea-Chinese Banking Corporation (OCBC) has started taking orders for a benchmark-sized Basel III compliant additional tier one (AT1) offering.

Bank of Communications (BoCom) Financial Leasing and International Container Terminal Services (ICTSI) were back in the offshore bond market on August 18.