Southeast Asia

Cromwell European Real Estate Investment Trust is taking another stab at a Singapore IPO after it was forced to scrap the trade in September, returning with a smaller €555.7m ($657.9m) deal.

Singapore’s green bond market cracked open a bit further on Tuesday when Canadian life insurer Manulife Financial Corp sold a S$500m ($367.5m) tier two bond, only the second green deal in the currency.

Thailand’s Gulf Energy Development Public Co has kicked off bookbuilding for a potential Bt23.9bn ($726.3m) IPO, set to be the largest listing in the country in nearly three years.

Union Bank of the Philippines is getting ready to offer international investors some variety as it sets the stage for its first dollar bond since 2004.

DBS Bank became the first covered bond issuer from Singapore to price a deal through mid-swaps on Tuesday.

Hong Kong Exchanges and Clearing’s (HKEX) iron ore futures, which came to the exchange on Monday, enjoyed investor interest to the tune of 1,022 contracts during the day’s trading,

Sawit Sumbermas Sarana (SSMS), a high yield Indonesian palm oil producer, was forced to pull its debut dollar bond on Monday, failing to gain traction against a weak market backdrop.

Canadian insurance company Manulife Financial Corp kicked off a Singapore dollar-denominated subordinated green bond sale on Tuesday morning local time.

DBS Bank has mandated leads for a euro benchmark, capitalising on very tight spreads, the strong performance of its previous debut and a number of exceptionally well received seven year euro deals that have priced flat to mid-swaps.

Map Active, a unit of Indonesia-listed Mitra Adiperkasa, is sounding out banks for a $300m IPO that could take place next year, said a source close to the matter.

Singapore Exchange (SGX) on Monday announced the launch of new derivatives products based on the MSCI Emerging Markets and MSCI Emerging Markets Asia indices.

Indonesian palm oil producer Sawit Sumbermas Sarana (SSMS) launched its dollar debut on Monday morning local time.