Asean

Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a private sector lender, raised $300m from its international bond debut this week. The deal was helped by the scarcity of supply from Vietnam, but finding the right price proved a challenge for those on and off the deal.

Indonesian state-owned Perusahaan Listrik Negara (PLN) sold $1.4bn of bonds this week, split equally between 10 year and 30 year tranches, pricing both slightly inside fair value.

Vietnamese property developer Novaland Investment Joint Stock Co is making its loan market debut with a $250m facility.

Thai natural rubber company Sri Trang Agro Industry approved a spin-off of its gloves production unit at a board of directors meeting this week.

CapitaLand has raised a sustainability-linked facility of S$150m ($110m) with Crédit Agricole, just nine months after closing a larger deal with DBS.

Prime US real estate investment trust is on the road for a potential S$834.5m ($613.8m) listing on the Singapore Exchange, with over half of the units already taken up by cornerstone investors.

Louis Dreyfus Asia has priced its $500m three year revolving credit facility at the same level as its last loan from 2018.

Indonesian power company PLN is set to launch a $1bn loan into syndication this week, after hiring a group of 10 banks to run the deal.

Nomura’s executive director and head of Malaysia investment banking Kit Weng Yip has left to take on a new position at another capital markets firm in the country.

MUFG Bank has picked Satinder Pal Singh Ahluwalia as managing director of the global commercial banking planning division, a newly created position.

Citi has named Hsiu-Yi Lin as the new head of commercial bank for Asean.

Credit Suisse north Asia loan syndicate head exits — DBS loses loans banker — Maybank IB nabs ECM banker — SGX rejigs structure — CICC gets new chairman