Southeast Asia

The Republic of Indonesia grabbed $4bn on Monday from its first SEC-registered bond, pricing all the three tranches within its curve while also diversifying its investor base.

Myanmar’s TMH Telecom Public Co is preparing to launch an IPO on the Yangon Stock Exchange, which will make it the fifth listing on the budding bourse.

CPF Investment, a unit of Thai firm Charoen Pokphand Foods (CPF), has approached the syndicated loan market for a $625m borrowing.

The Republic of Indonesia is back for its fourth outing in the international debt market this year. But the sovereign is offering something a little different to investors this time around, taking bids for its first SEC-registered bond.

Vietnamese state-owned firm PetroVietnam Oil Corp (PV Oil) is planning to sell 20% of its shares in an IPO in January 2018, according to a Friday statement.

Global investors piled into Indonesian toll road operator Jasa Marga’s debut offshore rupiah bond on November 30, as the issuer raised Rph4tr ($296.1m) in a deal that opened up a new asset class.

The Philippines postpones its Panda bond deal as it awaits approval from China’s central bank, Hong Kong Exchanges and Clearing (HKEX) opens its first office in Singapore, and the renminbi falls to seventh place in the league table of the world’s most used payments currency in October.

A novel green loan for Singapore’s Wilmar International has put the focus on the potential for sustainable products in Asia. While green bonds have gained popularity in the region, the loan market is still lagging far behind — but that appears to be set to change, writes Shruti Chaturvedi.

A year after the Philippine Stock Exchange approved the issuance of dollar-denominated securities (DDS) on its bourse, the market is starting to heat up. Cirtek Holdings Philippines Corp raised $140m from just the second such deal this week, while Del Monte returned for a tap. The asset class is still in its infancy, but the advantages it offers could give a fillip to deal flow. Jonathan Breen reports.

Indonesian toll-road operator Jasa Marga is taking bids for the first ever offshore rupiah bond, throwing open what has been dubbed the Komodo bond market.

Sasseur Reit will put off launching its S$500m ($366m) IPO in Singapore until early next year, according to bankers close to the matter.

CapitaLand Retail China Trust is turning to equity investors to help fund its property acquisition in China, launching a S$104m ($77m) overnight placement on Tuesday evening.