Asean

The Republic of Indonesia veered off its usual funding plan by heading into the bond market this week with a dollar-euro combination trade, at a time when it is feeling the brunt of a big spike in Covid-19 cases. But the stability in secondary market trading and a fall in US Treasuries offered the sovereign an opportunity to top up its coffers, writes Morgan Davis.

Hogan Lovells has added Biswajit Chatterjee as a partner for its India operations.

Ashurst has hired a new partner, Robert Child, to boost its Asia restructuring and insolvency business.

The Vietnam consumer finance subsidiary of Korea’s Mirae Asset Financial Group has become the latest firm to join a flurry of Vietnamese financial institutions in the loan market.

Bukalapak, an Indonesian e-commerce company, has closed the orderbook for its IPO and is expected to price the deal at the top of the marketed range, according to a source familiar with the matter.

Del Monte Philippines kicked off pre-deal investor education for its IPO on Tuesday, according to a source familiar with the matter.

The Philippines' treasury department is readying a dollar bond offering for retail investors as part of its efforts to shore up cash for the government's recovery and resilience programmes.

Bukalapak has met with a wave of demand for its Rph21.9tr ($1.5bn) IPO, set to be Indonesia's largest listing, according to a source familiar with the matter.

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is in the market for a $790m loan, its largest offshore facility yet.

Minor International Public Co, a Thai hotel operator, closed a $300m transaction on Monday as part of a liability management exercise.

Indonesian e-commerce company Bukalapak has hit the market with a jumbo IPO of up to Rph21.9tr ($1.5bn), on track to be the country’s largest listing.

Commodities company Trafigura’s Singapore arm is making its annual return to the Asian loan market, this time opting for a sustainability-linked facility.