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Bank Rakyat Indonesia (BRI) is sounding out lenders for a $300m-$500m dual tranche loan. Banks are being asked to commit to a 3.5 year or a five-year tenor.

ICBCIL Finance, a wholly owned subsidiary of Chinese lender ICBC’s leasing arm, has picked four banks to work on its inaugural outing in the international bond market.

Mandarin Oriental International plans to hit the equity capital market next month for a $316m rights issue in a bid to de-gear its balance sheet.

Food and beverage company Del Monte Pacific has successfully wrapped up its S$208.60m ($156m) rights offering, after strong support from some of its biggest shareholders led to the trade being oversubscribed.

In this round-up, Singapore RMB deposits reach a new record while Hong Kong RMB deposits are slightly down in January, Suriname is to launch RMB trade settlement, Bank of Korea gives tax incentives to won-RMB direct trading, and ICBC launches RMB settlement for commodities.

Chinese authorities are planning to compete with a new London gold fix with an RMB-denominated benchmark, as precious metals traders warm up to using the currency.

Indonesia Eximbank has zeroed in on seven banks to helm its latest $750m dual trancher. The banks are due to sign the mandate sometime next week.

Saudi Arabian Oil Co appears close to completing a tightly priced $10bn revolving credit facility to back its expansion into new markets.

The government of Hong Kong is following up last September’s success with plans to issue a second sukuk this year, a $500m-$1bn three or five year deal. With the borrower opting for an asset-light wakala structure this time around, market participants say this could be the key for Hong Kong to fulfill its ambitions of becoming an Islamic finance hub, writes Rev Hui.

Controversy-dogged 1Malaysia Development Berhad (1MDB) is to update and resubmit a prospectus for the IPO of its energy arm to Securities Commission Malaysia, in one of the company’s first statements clarifying that a listing is being planned.

The Islamic Development Bank (IsDB) sailed through execution on a $1bn five year sukuk this week. Supply is on track to break the 2014 record for international benchmark sukuk in a single year.

Costa Rica paid a new issue premium of over 23bp for a 30 year bond on Thursday but bankers on and off the deal said it was not cheap by recent standards.