Southeast Asia

Indonesian power producer Paiton Energy added a hefty $2bn to its coffers on Thursday, selling a dual-tranche bond that won over investors because of its diversity benefits and secured structure.

Chandra Asri Petrochemical’s rights-plus-block combo to raise Rph5tr ($378m) is going smoothly. The leads sent out a 'covered' message on Friday morning.

Bank of China and China Construction Bank have picked new chairmen, BOC’s asset management arm received its first batch of qualified foreign institutional investor (QFII) quotas, and the Ministry of Finance published new guidelines to restrict foreign investments by state-owned enterprises.

Vincom Retail is gearing up for an IPO of about $600m in Vietnam as early as September, with three international banks leading the trade.

HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties to parent HNA Group, which is feeling the heat from Chinese regulators. Jonathan Breen reports.

Gajah Tunggal, an Indonesian tyre maker, has tapped the syndicated loan market for a dual-currency $250m facility.

The Philippines' ministry of finance has mandated Bank of China and Standard Chartered for its upcoming Panda bond, two sources have told GlobalCapital Asia's sister publication GlobalRMB.

Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.

A $235m three-tranche financing for private equity firm Partners Group’s acquisition of Philippine business process outsourcing company SPi Global has gathered commitments from five lenders.

HNA Commercial Reit is searching for arrangers for its Singapore IPO after Bank of America Merrill Lynch pulled out from the deal. But the real estate investment trust’s listing may have to wait until its troubled parent can rebuild confidence in its name, said a source close to the transaction.

The Singapore Exchange has admitted its 59th derivatives trading member, I-Access Investors, which is based in Hong Kong.

Foreign investors look set to be allowed into Myanmar's capital markets soon, with new laws close to approval. The news is very welcome as growth has stalled in the country's markets since the first shares started trading on the Yangon exchange last year. However, any celebrations must be tempered by the experiences of Myanmar's neighbouring countries and it must take care to avoid similar pitfalls.