Asean

Indonesian company Astra Sedaya Finance has closed a loan of around $200m that mainly targeted liquidity among Japanese banks.

Debt bankers and investors focused on Indonesia are eager to put the year behind them, after elections and a big dollar bond default dented issuance volumes. But they are optimistic about 2020, believing that the southeast Asian country could live up to its potential as a hotbed of high yield borrowing. Morgan Davis reports.

The US financial regulator has permanently barred former Goldman Sachs executive Tim Leissner from the securities industry, for his role in the 1MDB scandal.

A subsidiary of Indonesian conglomerate CT Corp is talking to banks for a $750m refinancing loan, according to bankers close to the situation.

DBS has hired two bankers to join its syndicated finance team in Singapore.

Singapore’s CapitaLand Commercial Trust dove into the yen market this month to sell its inaugural green bond.

Allianz Real Estate and Gaw Capital Partners have secured a joint S$945m ($697m) green loan to support the acquisition of Duo Tower and Duo Galleria in Singapore.

Singapore property developer Hoi Hup Realty has received its debut green loan of S$332.5m ($244.5m), which it will use to partially finance its acquisition of a hotel in the southeast Asian country.

Malaysian energy services group Serba Dinamik International faced an uphill battle on Thursday when it courted investors for a new bond.

Vietnamese car manufacturer Truong Hai Auto Corp has closed its debut offshore borrowing, increasing the size of the loan to $210m.

BRI Multifinance Indonesia (BRI Finance) is tapping the offshore loan market for an up to $100m borrowing.

M&G Investments, a London-based investment manager, has appointed Matthew O’Sullivan as head of Asia Pacific origination to expand its operations in the region.