Southeast Asia

Philippines-based Integrated Micro-Electronics (IMI) is planning to tap its shareholders for Ps5bn ($97.3m) of fresh capital. The company has priced its rights issue at an attractive discount to win them over.

A group of Vincom Retail employees sold a block of the company’s shares on Monday, raising D4.51tr ($198.1m) after they bumped up the size of the offer, according to a source close to the deal.

The mayhem reverberating through global equity markets pushed shares of Ascendas India Trust down to a new 52-week low, after the firm raised S$100m ($76m) from an overnight placement.

Food and beverage company Del Monte Pacific is looking to spin off and list its Philippine subsidiary through a secondary share offering. The company wants to raise as much as Ps16.7bn ($324.1m), according to a filing on Tuesday.

Singapore and Malaysia's market watchdogs are setting up an equity trading link between their bourses. They are planning to go live by the end of the year.

Pricing details are out for a $100m facility for car rental service provider CSM Corporatama, better known as Indorent.

China launches onshore trading for Thai baht, NPC chairman says Hong Kong remains important to China’s effort to promote the renminbi, and China Construction Bank opens a new branch in Auckland.

Car rental service provider CSM Corporatama, better known as Indorent, has reached out to lenders for a $100m syndicated loan, said bankers who received a preliminary email asking them to attend a roadshow.

Singapore's GLP will approach Chinese investors on Monday with a nine year Panda bond, one of the longest-dated deals ever to feature in the asset class.

Asia’s capital markets have started the year with a bang, but a market this good can’t last forever. The steady supply of new deals coming out at increasingly tight levels is a sign of clear frothiness in the market. Just take a look at the investor enthusiasm for low-rated Indonesian deals for an example of how bullish investors have become when they should be thinking twice.

Philippine property developer Robinsons Land Corp is looking to raise Ps20bn ($389.2m) through a rights issue.

Malaysia’s SP Setia priced a MR997.8m ($256.2m) capital increase on Monday at the low end of guidance, in the largest overnight placement from a real estate issuer in the country.