Southeast Asia

TruePTS, a derivatives post-trade company set up by trueEX, is gearing up to face off against derivatives processing utility MarkitSERV as it launches its offering for buy-side firms.

Singapore’s Wilmar International has raised a $200m sustainability-linked loan, the second of its kind from the agribusiness company in seven months.

BNP Paribas’s Singapore chief executive officer is relocating to the US to take up a new position within the bank, according to sources.

Credit Suisse has appointed Felicity Chan to lead its equity syndicate team in southeast Asia, while promoting Yvonne Voon to head of real estate coverage for the region.

Philippine property developer DM Wenceslao & Associates has raised Ps8.5bn after pricing its IPO on the back of strong demand from domestic funds.

Citi has named Kelvin Goh as head of FIG insurance, Asia Pacific investment banking, and head of corporate finance for Singapore, according to a memo seen by GlobalCapital Asia.

Cambodia’s Prasac Microfinance Institution has decided to increase the size of its loan to $100m after receiving commitments from 14 lenders to the oversubscribed deal, according to a banker close to the situation.

HSBC has named Sean Henderson and Sean McNelis as co-heads of debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.

Del Monte Pacific has shelved the Ps17.6bn ($334.5m) IPO of its subsidiary Del Monte Philippines citing poor market conditions.

TMB Bank, with support from the International Finance Corp (IFC), sold the first green bond from a Thai commercial bank on Tuesday, raising $60m.

Temasek Holdings returned to the securitization market this week after a two year hiatus to woo investors into private equity funds-backed Astrea IV. Institutional investors are already in the bag. The focus now is on winning over retail accounts — the first time such a deal has been open to the city-state’s public, writes Addison Gong.

Institutional investors piled into Singapore sovereign investment arm Temasek Holdings’ Astrea IV securitization, making the deal almost four times covered. All eyes are now on appetite among retail investors, as it’s the first time a private-equity backed trade is open to the public.