Southeast Asia

Indonesia Eximbank is riding on the strong interest among bank lenders for its past fundraisings to launch a new $950m multi-tranche loan at razor-thin pricing levels.

A group of 23 banks opened syndication for Tata Steel’s $1.86bn dual-currency facility on Monday, but only after the deal went through numerous changes on its way to the market.

Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, has started talking to investors about a $100m IPO, according to bankers close to the trade.

Mapletree Greater China Commercial Trust (MGCCT) has hired banks to manage a S$323.1m ($246m) equity raise that will be used to buy some Japanese assets.

Qualitas Medical is likely to price its S$100m ($77m) IPO in Singapore at the low end of guidance after bookbuilding was extended by two days.

Beijing and Washington raised the stakes in a trade stand-off with new tariffs, the chief executive of Hong Kong’s stock exchange remains upbeat despite the launch of Chinese depository receipts (CDRs) and Bank of China’s cross-border RMB index ends 2017 on the up.

Bank BRISyariah is out with Indonesia’s first chunky IPO of the year, launching an up to Rph1.7tr ($123.4m) share sale.

Singaporean bank DBS Group came to the market with a tier two bond on Wednesday, opting for euros as it looked to open up new sources of debt capital.

Solusi Tunas Pratama, an Indonesian telecommunications company, has launched a $577m-equivalent dual-currency loan denominated in dollars and rupiah into general syndication.

The Singapore Exchange (SGX) has appointed Mark Leahy as head of fixed income, responsible for executing the bourse’s strategy for its bond trading business, including encouraging institutional participation.

Malaysia's Qualitas Medical is marketing its S$100m ($77m) IPO in Singapore at a deep discount to other healthcare names, picking the city-state as the listing venue to highlight its regional ambitions.

Surya Pertiwi, the sister company of listed Surya Toto Indonesia, has started pre-marketing for its own $150m IPO in the country.