Maybank

The IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is due to price towards the bottom of its initial range, according to a banker on the deal.

Malaysian property development company S P Setia is preparing to raise MR3.6bn ($839m) of new equity to finance its takeover of domestic rival I&P Group.

A syndicated loan for Gunvor Singapore has been allotted, with more than 20 banks joining the mandated lead arrangers and bookrunners at the end of general syndication.

The MR5.9bn ($1.4bn) IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is oversubscribed as the roadshow heads to London on Wednesday evening, according to a banker on the trade.

Lotte Chemical Titan Holding opened books on Friday for its MR5.9bn ($1.4bn) Malaysia listing, which is being pitched at a big discount to regional rivals.

Thailand’s Buriram Sugar has filed for an infrastructure fund listing that could raise $150m, according to sources close to the deal.

Bank Islam Brunei Darussalam is understood to be eyeing a possible $500m IPO in Malaysia, the first listing of a Bruneian issuer on any exchange.

Lotte Chemical Titan, the Malaysia-based arm of South Korean conglomerate Lotte Group, has fixed a ceiling price for its MR5.9bn ($1.4bn) IPO.

Malaysia’s Axis Real Estate Investment Trust is planning a placement of new units that could raise some MR465.4m ($108.1m), said the company.

Star Energy Geothermal has wrapped up its $660m dual tranche loan with 13 banks, following a three month syndication. The money was partly for the company’s purchase of a stake in Chevron’s Indonesian assets.

Edra Global Energy, the Malaysian power producer owned by China General Nuclear Power Corp, is understood to be seeking banks for a potential IPO – though in an intriguing fashion.

Two commodities companies have rolled out separate syndications into the loan market, with Vitol Asia approaching lenders for $1bn and Gunvor Singapore looking for $800m.