Southeast Asia

The Philippines’ Securities and Exchange Commission has given the greenlight to homeware store chain AllHome Corp to list on the local bourse for up to Ps20.7bn ($394.7m).

Thailand’s largest block trade in six years has seen Singaporean state-owned investment fund Temasek Holdings bagging more than $500m from a sale of Intouch Holdings stock. The vendor took advantage of a surge in the Intouch’s stock price and plans to return and clean up its remaining stake. Jonathan Breen reports.

Indonesian state owned pharmaceutical company Kimia Farma is planning to raise capital through a rights issue of new shares, according to a stock exchange filing.

Syndicated loans banker Marilyn Fung has joined Standard Chartered’s loan syndication team in Singapore.

Vietnam’s Mong Duong Finance has launched a $484.71m borrowing into general syndication, in tandem with a bond it issued at beginning of the month.

Vietnamese conglomerate Vingroup is planning a return to the offshore debt market to raise up to $750m from international bonds.

Asia Pacific Resources International Holdings (April), a subsidiary of Royal Golden Eagle, has made a quick return to the loan market for a self-arranged borrowing of up to $1bn.

Indonesia’s state-owned oil and natural gas company Pertamina has raised a $1.85bn project loan from a group of 12 banks.

Swiss firm responsAbility Investments has closed a $175m microfinance CLO via JP Morgan, revitalising an industry which last saw issuance before the financial crisis.

The Republic of the Philippines took advantage of Japanese investors’ hunger for yield with a tightly priced four-tranche ¥92bn ($863.4m) Samurai bond.

CapitaLand Retail China Trust raised S$154.3m ($112.6m) on Thursday from a placement of new units, done alongside a preferential offering to existing shareholders.

Credit Suisse has appointed Le Hoai Nam to lead its Vietnam investment banking and capital markets coverage, according to a source familiar with the matter.