Southeast Asia

Malaysian sovereign wealth fund Khanazah Nasional offloaded a block of Malaysia Airports Holdings' shares on Tuesday night, raising MR476.2m ($112.7m).

Chinese water treatment and recycling solution provider Citic Envirotech is readying its second international dollar bond, having mandated three to arrange a roadshow from the end of this week.

Lao People’s Democratic Republic is taking bids for a six-tranche Thai baht bond this week, and is hoping to settle the Bt14bn ($420m) transaction on Thursday.

Thailand’s TOA Paint has raised Bt12.2bn ($363.9m) from an IPO that was flooded with demand from foreign and domestic investors, driving pricing to the top of guidance.

Trafigura's Singaporean entity Trafigura Pte signed an oversubscribed $1.99bn loan on Monday with 27 banks to refinance previous facilities.

Overseas Chinese Town (OCT) managed to capture the last window before China’s Golden Week holiday to price a $800m senior perpetual bond. Malaysia’s Yinson Holdings had a similar idea, selling a $100m perp.

The Asian Development Bank (ADB) revises up its China economic growth forecast, China’s current account surplus falls to $69.3bn in the first half, and officials from the Philippines begin their roadshow for the country’s first Panda bond issuance.

Asia’s green finance story is not just about China and India. Although the US has threatened to pull out of the Paris Agreement, southeast Asia has reiterated its commitment to sustainability. As Morgan Davis reports, that is beginning to be felt in its financial markets, where countries such as Malaysia, Singapore and Indonesia are exploring ways to foster green financing.

Macquarie Capital has appointed Justin Ocampo as a managing director and the head of its Philippines office.

Oversea-Chinese Banking Corporation (OCBC) issued a €500m five year covered bond on Thursday that was more oversubscribed than any previous Singaporean deal and priced inside fair value in what a lead manager described as ‘a one-way market’.

Geo Energy Resources found success on Wednesday with its second attempt to sell a debut dollar bond, after waiting two months for a receptive market window.

Singapore-based Sea began pre-marketing a potential $1bn US IPO this week, according to a banker close to the deal.