Philippines

Banks are processing approvals for a loan of around $300m to back the purchase of Ciro’s Plaza in Shanghai.

Construction firm Datem has filed for an up to Ps4.05bn ($87m) IPO, with the company eyeing a November listing on the Philippine Stock Exchange.

Tianjian state-owned Tianfang Hospitality Reit, which is looking to list in Singapore, is delaying its $200m-$250m IPO amid the current rocky market conditions and the deadly explosions in Tianjin port, said sources.

Philippine bank supervisors, like their counterparts elsewhere, face a complex and often thankless task. But unlike regulators in many other countries, they also face the risk of being taken to court and suspended from their jobs if banks decide to bite back. The problem is a longstanding one, but it is finally starting to be addressed, as Matthew Thomas reports.

International Container Terminal Services (ICTSI) provided a breath of fresh air to Asia’s bond market with its $450m perpetual deal. The lack of issuance this year from Philippine borrowers worked in the company’s favour, but SMC Global Power Holdings Corp’s quick follow-up had to endure a turn of sentiment in the market.

A spike in Asian green bond issuance this year has not yet spurred the use of the instrument by borrowers in the Asean region, where the conventional debt markets already face challenges as they develop. But credit enhancements and strong precedents from neighbouring countries could help generate more green activity in southeast Asia, writes Christina Khouri.

International Container Terminal Services (ICTSI) provided a breath of fresh air to Asia's bond market this week thanks to its $450m perpetual deal. The lack of issuance this year from Philippine borrowers worked in the company’s favour, with the trade opening up an opportunity for more perps to follow.

Bank of Communications (BoCom) Financial Leasing and International Container Terminal Services (ICTSI) were back in the offshore bond market on August 18.

International Container Terminal Services (ICTSI) has named three banks to lead its upcoming, benchmark sized US dollar perpetual bond.

Metro Retail shops around $123m float — Alkem Laboratories files $200m listing — CRCC High-Tech gets IPO on track

San Miguel Corporation’s SMC Global Power Holdings Corp has mandated eight banks as the company hopes to return to the dollar bond market with perpetual subordinated notes.

The Asian Development Bank (ADB) has received approval to provide a loan and partial credit guarantee to support the issuance of what could be the Philippines’ first green bond.