Southeast Asia
-
Siam Commercial Bank closed its second dollar deal of the year on Thursday, leveraging on its rarity value as a Thai credit in the debt market, while also navigating a surprise hiccup near the end of bookbuilding. -
Thailand’s Kasikornbank has mandated banks for a planned dollar bond, to be issued through its Hong Kong branch.
-
Canadian insurance company Manulife Financial Corp has named banks to lead a Singapore dollar-denominated subordinated green bond.
-
Chinese issuers are starting to look beyond US dollars for new fundraising opportunities, with attractive cross-currency swap rates — and the potential for diversification — making Singapore dollars and euro issuance the flavour of the month. Morgan Davis reports.
-
Indonesia’s Kawasan Industri Jababeka returned to the market on Wednesday, adding nearly $111m to its existing 2023s in an opportunistic tap.
-
Suntec Real Estate Investment Trust printed a S$300m ($220m) convertible bond off the back of solid aftermarket trading in recent new issues, although some bankers think the window could be closing soon.
-
Société Générale has given additional responsibilities to two senior bankers working in the research department of its corporate and investment bank.
-
Thailand’s Siam Commercial Bank is courting investors for a dollar bond, to be sold through its Cayman Islands branch, while China Minsheng Banking Corp is also marketing a transaction through its Hong Kong arm.
-
China Eastern Airlines Corp has nabbed S$500m ($366.69m) from its first foreign currency transaction as it makes an attempt to diversify its funding base.
-
Indonesian industrial estate developer Kawasan Industri Jababeka has returned to the market to tap its existing 6.5% 2023s.
-
CCCG Overseas Real Estate (Core), a Singapore-based company owned by China Communications Construction Group, has approached banks for its maiden dollar syndicated loan.
-
Gaming firm Razer has raised HK$4.1bn ($528.8m) from its IPO after pricing it just off the top of guidance at a level considered auspicious, said sources close to the deal.
