Asean

India's Vedanta, Syndicate Bank make loan comeback — Shanghai Sinnoil defaults on $400m loan — Fullerton allocates $250m among 17 banks — Lesso closes $1.1bn refi — Indorent holds non-deal roadshows

Sumitomo Mitsui Banking Corp is arranging non-deal roadshows for Indonesian car rental service provider CSM Corporatama.

DBS has hired Deutsche Bank’s former Indonesia country head to run its institutional banking group in the southeast Asian country.

Sri Rejeki Isman (Sritex) sold an opportunistic $225m bond on Wednesday, becoming the first high yield Indonesian issuer in five months. The company offered investors a juicy premium, which was necessary to appease buyers burnt by turmoil around fellow textile company Duniatex.

Moody’s is considering downgrading its Ba3 rating on the Government of Vietnam, in light of an alleged delay in payments on an obligation.

Investors flocked to Thai Oil Public Co's 30 year bond this week, seizing the opportunity to get yield from a long-dated note.

Philippine conglomerate San Miguel Corp is inviting banks to join a $1.75bn term loan that will be used to take out a bridge facility that supported its acquisition of Holcim Philippines.

Commodities company Trafigura has closed its annual dual-tranche borrowing, increasing the deal from $1bn-equivalent to around $1.5bn.

Fullerton India Credit Co raised S$150m ($108.6m) in the Singapore market, straying from its usual fundraising efforts in the rupee market.

An undisclosed institutional investor has bagged MR663.6m ($158.5m) from offloading its entire position in Malaysian plantation company Kuala Lumpur Kepong.

ING has appointed a new branch manager of Singapore, replacing Catherine Low who has taken on a different position at the bank.

The Ministry of Finance of the Lao PDR is inviting banks to join a €135m five year loan that Credit Suisse pre-funded in June.