Asean

Singapore-based Ivanhoe Capital, led by mining billionaire Robert Friedland, is floating a special purpose acquisition company (Spac) on the New York Stock Exchange.

The Republic of Indonesia, a keen issuer in dollar and euro markets, launched a euro-denominated benchmark bond on Tuesday, jumpstarting its funding for the year.

Singapore could prove to be a rich seam of covered bond issuance next year, with bankers suggesting analysts’ expectations are far too pessimistic. Conversely, Australian issuance may prove to be disappointing. Meanwhile, potential new legal developments in Japan and Malaysia will provide a key focus of attention.

Indonesia’s government has been lauded for taking a proactive approach to combat the impact of the pandemic this year, unleashing a spate of fiscal and monetary policies to spur growth and rallying state-owned enterprises to offer support. There are still plenty of challenges ahead but the ministry of finance and the central bank have proved to be careful stewards of the economy.

Why have Indonesian state-owned companies seen resounding success in the dollar bond market this year amid the pandemic? Morgan Davis finds out.

Indonesian high yield companies that had limited access to the international bond market this year due to the Covid-19 pandemic are now preparing for a challenging 2021 — unless sentiment gets a dramatic boost from the vaccine news. Morgan Davis reports.

Indonesia has made impressive use of the international bond markets to endure a volatile year. GlobalCapital finds out what the country is planning next.

State-owned enterprises have emerged as a critical agent for Indonesia’s government to spur economic growth during the pandemic. Their importance is only likely to rise in the future, writes Rashmi Kumar.

The Indonesian authorities have used nearly every trick in their fiscal and monetary policy playbook to kick-start an economy hit hard by the coronavirus pandemic. The results are slowly showing, but there is an uphill battle ahead, writes Rashmi Kumar.

Asia’s first blue loan has sparked debate among market observers about the potential of the asset class amid rising interest from borrowers for ESG-focused funding. While expectations are high for the blue loan market’s development in 2021, challenges remain, writes Rashmi Kumar.

Kerry Express, a Thailand-based delivery company, has raised Bt8.4bn ($279.5m) after sealing its IPO at the top of the marketed range.

AirAsia X is looking to raise MR500m ($123m) from a rights issue and a placement of new stock to some shareholders.