Southeast Asia

Vietnamese telecommunications company Viettel Group has returned to the syndications market after two years for an up to $150m term loan, according to a source close to the situation.

Food and beverage company Del Monte Pacific has got the nod from the Philippine market regulator to spin off its local subsidiary, according to a stock exchange filing.

The Republic of Indonesia returned to the public yen market on Thursday for a ¥100bn ($913.76m) four-tranche transaction, navigating challenges around emerging markets volatility and its rising dollar bond yields.

Singapore’s Mapletree Logistics Trust raised S$220m ($164m) from a primary offering after pricing the units at the best end of terms for the issuer.

A flurry of changes have taken place in Credit Suisse’s Asia Pacific operations.

First Pacific Co is using a new $175m bond, as well as a bank loan, to help fund a tender offer, part of a liability management exercise.

The pre-summer IPO season is in full swing as issuers and banks look to lock in deals before investors pack their bags for the holidays.

Weeks of currency depreciation, emerging market outflows and violence domestically have taken a toll on Indonesia’s credit and equity markets, despite the central bank making some effort to assuage the volatility. What lies ahead for the country? Morgan Davis finds out.

Philippine real estate developer DM Wenceslao & Associates has found international interest for its potential Ps15.6bn ($296.6m) IPO, despite emerging markets being hit by increasing outflows.

Global asset manager Carlyle Group has poached Credit Suisse’s most senior investment banker in Indonesia.

Indonesian credits got a quick boost late last week as investor sentiment rose following an interest rate hike. But while the buy-side is again warming up to the country’s bonds, the debate continues over whether the optimism is sustainable.

Singapore’s Reit issuers continued to tap the equity market with gusto this week, as CapitaLand Commercial Trust competed a S$217.9m ($162.3m) fundraise while Manulife US Real Estate Investment Trust launched a $197.2m rights issue.