Asean

Singapore's Temasek Holdings and its wholly owned Azalea Asset Management sold the fourth iteration of the Astrea collateralised fund obligation (CFO) this week. They raised more than $450m from the institutional portion of the deal, using a tried-and-tested structure.

The Asian Development Bank made a rare outing in China’s interbank market this week. The Rmb2bn ($307m) bond, priced significantly below the onshore benchmark, ended the multilateral development bank’s absence from the domestic Chinese market for over a decade.

The Asian Development Bank is marketing a five year renminbi-denominated bond, as it looks to raise Rmb2bn ($307m) from its first outing in the onshore China market in over a decade.

Ho Chi Minh City Development Joint Stock Commercial Bank has closed its debut offshore borrowing at $71m.

A consortium led by Malaysia’s TTL Energy and Engie Asia Pacific, the regional arm of French energy firm Engie, has raised a RM342m ($84m) green loan to support the development of a solar plant in Malaysia.

Hang Seng rejigs benchmark index – DBS and HSBC make changes in Malaysia

Huadong Medicine seeks $150m debut — Indomobil revs up $200m club — PLN delays loan — Jih Sun plans April syndication

Development Bank of the Philippines (DBP) ended a 10-year absence from the dollar bond market for a $300m deal on Tuesday, managing to woo investors with just a small premium.

DBS Group Holdings navigated choppy market conditions for its first tier two dollar bond in more than two years on Monday, using its strong credentials and rarity value to its advantage.

Indonesian motor vehicle financing company Indomobil Finance Indonesia is sounding out the market for a loan return. It has opted for a club deal this time around.

Malaysian rubber glove manufacturer Top Glove Corp is aiming to raise up to HK$14.95bn ($1.93bn) from a dual primary listing in Hong Kong.

Singapore real estate company United Industrial Corp has raised a $300m loan comprising both green and sustainability-linked tranches, adding further momentum to the nascent asset class in Asia.