Southeast Asia

Adira Dinamika Multi Finance, an Indonesian finance company, has launched a $250m term loan into general syndication, about seven months after sealing its previous fundraising.

Medikaloka Hermina has kicked off pre-deal investor education for a $250m IPO in Indonesia ahead of a mid-April launch.

The Singapore Exchange is at the final consultation stage for dual-class share listings, seeking feedback on safeguards against entrenchment risks, according to a document released on Wednesday.

The Asian green loan market is finally starting to take shape, with a handful of borrowers approaching banks for fundraising. It’s still early days but there are huge opportunities for growth. Rashmi Kumar reports.

CP All, a unit of Charoen Pokphand Group, has raised Bt10.1bn ($324.6m) from a block sale of Siam Makro shares, boosting the size on the back of long-only demand, according to a source close to the deal.

CP All is selling a chunk of shares in Thai firm Siam Makro through an accelerated bookbuild worth up to Bt7.1bn ($229m), according to a term sheet seen by GlobalCapital Asia.

Singaporean agricultural company Olam International has raised a three year sustainability-linked $500m revolving club loan, the first of its kind in Asia.

Qualitas Medical Group is preparing to launch an IPO of around S$150m ($114.4m) on the Singapore Exchange, said a banker on the deal.

Commodities trader Noble Group decided not to repay a $379m bond that matured this week, triggering an event of default. But the latest development got little reaction from the market, as the company has long been in the process of restructuring almost $3.4bn of debt.

Thailand’s Ratchaburi Electricity Generating Holding Public Co (Ratch) made a rare appearance in the debt market on Tuesday, raising $300m at a tight price thanks to its scarcity appeal.

Westpac Banking Corp has appointed Michael Correa as general manager for Asia Pacific.

There was a rare sighting in the Panda bond market this week, as international investors outnumbered their onshore counterparts. The Republic of the Philippines completed its first transaction in the asset class, taking home Rmb1.46bn ($230.8m).