Southeast Asia

CapitaLand has raised a S$300m ($218m) sustainability-linked loan from DBS, the first of its kind from Asia’s real estate sector.

Osotspa’s Bt15.1bn ($465m) IPO in Thailand is heavily oversubscribed with pricing expected to come near the top of expectations.

Indonesian power company Perusahaan Listrik Negara has closed its debut offshore loan after exercising part of the greenshoe option.

Work to clarify thinking about impact in investment – meaning its effects on society or the environment – is going on apace. The International Finance Corp will launch next week at the World Bank/IMF annual meetings in Bali a set of Operating Principles for Impact Management, which are designed to complement the framework for analysing impact produced by the Impact Management Project.

State Street Associates has hired Qi Wang as head of research for Asia Pacific, effective immediately.

Malaysia’s Maybank has appointed Ami Moris as chief executive officer of Maybank Kim Eng, its regional investment banking arm.

Philippine food and beverage producer and distributor Universal Robina Corp is gauging appetite among banks for a NZ$420m ($278m) loan to refinance an old borrowing used to back the acquisition of New Zealand’s Griffin’s Foods.

Energy and commodities trader Mercuria is back in the loan market for its annual fundraising, seeking a $1.1bn multi-tranche borrowing.

Thailand Future Fund is due to announce a timeline for its long-delayed listing next week, as it gets ready to kick off bookbuilding in mid-October.

Asian equities showed mixed responses to the increase in the federal funds rate announced by the Federal Open Market Committee (FOMC) on Wednesday night, while bonds in the region held up reasonably well. But there are worries that the pace of rate hikes until the end of 2019 might be too aggressive.

Thai energy drinks manufacturer Osotspa has launched bookbuilding for its potential Bt15.1bn ($465.1m) IPO, set to be the country's largest listing so far this year.

Thailand Future Fund is due to announce a timeline for its long-delayed IPO next week, with bookbuilding set to kick off in mid-October.