Southeast Asia

Thailand Future Fund took full advantage of a wealth of domestic demand for its IPO, pricing the Bt44.7bn ($1.37bn) transaction at the top of expectations, according to a banker on the deal.

Indonesia state-owned electricity company Perusahaan Listrik Negara (PLN) priced its first deal as a fully investment grade rated issuer on Thursday, tapping not only the dollar market but also euros for the first time.

Philippine Savings Bank is planning a fresh capital raise worth up to Ps8bn ($148.4m) next year.

Deutsche appoints north Asia loans head – Roch jumps to StanChart – Change of guards in HSBC Philippines, Singapore

Often considered one of the most sophisticated capital markets issuers in Asia, Indonesia is not standing still. Luky Alfirman, director general at the ministry of finance, told GlobalMarkets, a sister publication of GlobalCapital Asia, that more innovative products are on the cards.

Malaysia’s barren IPO landscape is coming back to life, with two food-related issuers filing their long-delayed listings this week.

San Miguel Food and Beverage (SMFB) unveiled a sharply scaled-down secondary offering as it turned cautious after the global selloff in equity markets, with its deal now expected to raise just Ps33.1bn ($613.8m).

Indonesian paper manufacturer Fajar Surya Wisesa started gauging interest on Thursday for a primary capital increase worth as much as Rph3.9tr ($260m) at its market price.

Malaysia’s QSR Brands has filed for an IPO in Malaysia, years after the company mooted a relisting on the local bourse.

Indonesia’s Titan Infra Energy is tapping the offshore loan market for the first time for a $450m five year loan.

Global Logistics Properties, the Singapore-headquartered logistics facilities provider that is the second most frequent issuer of Panda bonds, snapped up another Rmb1.2bn ($170m) in its October outing.

Southeast Asian countries are ready to boost sustainability bond issuance, thanks to new regulatory initiatives in the region.