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Colombian oil company Pacific Exploration & Production’s board of directors said on Monday night that it continued to prefer Catalyst Capital’s original restructuring proposal, which could be approved in a Canadian court on Tuesday, to an alternative bid made last week.

In a country where bank borrowing forms a large part of infrastructure project financing, much needs to be done to make Indonesia’s local currency bond market the go-to place for project developers. With no first mover advantage and costs and documentation proving tricky, there is plenty holding back issuers from selling Indonesia’s first rupiah infrastructure bond. Asiamoney talked to a group of leading market participants about the challenges and potential of the southeast Asian country’s long-term project financing bond market.

Asiamoney presents the detailed results for the Private Banking Poll 2016. The searchable tables include the results breakdown by assets under management $1-$5m, $5.01m-$25m and $25m and above. The results are also divided by country.

Investors are set to welcome a new Chinese local government financing vehicle to the bond market, with Chongqing Western Modern Logistics Industry Zone Development Construction hitting the road for its maiden dollar outing.

Asiamoney presents the detailed results for the Cash Management Poll 2016. The searchable tables include the results breakdown as voted for by both financials (banks, asset managers, hedge funds and insurance companies) and non-financial institutions (corporates, state agencies and public sector companies). Financial results are divided by currency while corporates are broken down by country.

Pesquera Exalmar, the Peruvian fishmeal farm, has extended the deadline of a tender offer and consent solicitation on its 7.375% bonds due 2020 from August 19 to August 30 as it seeks bondholder approval for a new senior secured loan.

The Mortgage Brokers Association (MBA) has rallied with ten other trade associations against the Department of Housing and Urban Development's (HUD) guidance recognizing residential Property Assessed Clean Energy (PACE) liens as senior to residential first mortgage liens.

US corporate credit manager CIFC reached a deal to be acquired this month by Jersey-based investment management firm F.A.B. Partners.

ABS market participants this week are awaiting word on the direction of interest rate policy, as US Federal Reserve chair Janet Yellen is expected to give guidance on the path forward at the Jackson Hole Economic Policy Symposium on Friday.

Singapore Exchange (SGX) and the Baltic Exchange have agreed terms for a recommended share offer as the Asian company looks to proceed with a proposed acquisition.

The European corporate bond buyside sees moving into single-B and lower credits as the least preferable way to add yield, based on figures in Bank of America Merrill Lynch’s August credit investor survey.

African Development Bank has sold a GHS5m ($1.26m) 16% one year note to an offshore investor.