CIMB Group

The Republic of Indonesia has picked 10 banks for a 2016 bond panel and mandated four of them to work on a dollar offering that could raise up to $4bn.

Malaysia’s Red Sena, the first special purpose acquisition company from the food and beverage sector, has garnered an oversubscription for its institutional tranche, giving it visibility on nearly the entire MR400m ($91m) IPO.

A $328.6m loan for poultry feed producer Charoen Pokphand (CP) Indonesia has seen nine lenders join, as the borrower sealed most of the funds in its local currency while capping the dollar portion at $100m.

Malaysian telecommunications giant Axiata Group ended its five year hiatus from the international bond market on November 14 with a $500m wakala sukuk that was well received by investors.

The Asia ex-Japan bond market sprung to life on November 12 with China Huarong Asset Management, China State Construction Engineering Corp and Beijing Properties opening books for dollar bonds, while Korea Housing Finance Corp (KHFC) opted for a covered bond and Malaysia’s Axiata Group, a sukuk.

Golden Meditech has closed its HK$985.70m ($127.19m) rights issue with shareholders taking up just 69% of the transaction, forcing its underwriter to absorb the remaining shares.

Malaysian telecommunications company Axiata Group has mandated banks for its first Islamic bond in more than three years.

Wenzhou Kangning Hospital Co is set to pre-market its $100m Hong Kong IPO on October 26, with investor education slated to run for about two weeks before bookbuilding starts.

Bank of Jinzhou Co has filed afresh for a $600m IPO in Hong Kong, which was delayed in June due to regulatory issues and scrutiny around its loan exposure to the Hanergy Group.

The Cambodia Securities Exchange (CSX) is set to welcome the third IPO on its bourse, with state-owned Phnom Penh Autonomous Port (PPAP) scheduled to price a $6.41m listing this month.

Poultry feed producer Charoen Pokphand (CP) Indonesia is tapping the syndicated loan market for a $355m dual-currency fundraising, split between rupiah and dollars.

Real estate developer Country Garden Holdings is readying itself to become the first Chinese issuer to sell a sukuk, announcing on October 5 its intention to print an Islamic bond based on the shariah principle of Murabahah.