Southeast Asia

Online gaming and media platform VNG Corp has set in motion plans for an IPO on the Nasdaq, which would make it the first Vietnamese firm to list in the US, according to a statement from the company.

Credit Suisse and United Overseas Bank have become the latest lenders to be penalised by the Monetary Authority of Singapore for breaches related to scandal-hit Malaysian sovereign wealth fund 1MDB.

Singapore Exchange and Infocomm Media Development Authority (IMDA) signed a pact on Wednesday to help fast growing technology companies raise capital in the country's private and public markets.

DBS Group Holdings is preparing its comeback to the international bond market, having mandated leads for a senior outing denominated in dollars.

As one of the fastest growing economies in the G20, Indonesia is on the up. Having taken some difficult decisions after coming to power in 2015, Joko Widodo’s administration is reaping the rewards, with growth accelerating, a budget deficit below 3% and inflation tamed. This benign economic background has helped the Indonesian government become one of the most sophisticated sovereign borrowers in the international market. At GlobalCapital ’s roundtable in Jakarta in early April, hosted by Standard Chartered, leading bankers and issuers explored the impact of reforms to state-owned enterprises, potential US interest rate rises and changes to tax laws on the potential to create a deeper, more effective debt market.

Media Nusantara Citra has enlisted three lenders to syndicate a $200m loan that refinances a borrowing from 2014.

A $400m borrowing for Malaysia's CIMB has had strong reception during general syndication, with over a dozen banks lining up.

Singapore’s HRnetGroup has thrown open books for its up to S$174m ($125.7m) IPO and is preparing for a week-long roadshow, according to a termsheet seen by GlobalCapital Asia.

China’s FX market records Rmb11.38tr ($1.65tr) of transactions in April, the State Administration of Foreign Exchange releases more foreign investment quotas, and CFETS completes first options write-off in the interbank market.

Private equity firm Partners Group has lined up financing from three lenders to back its acquisition of business process outsourcing company SPi Global.

Eagle Cement Corp has found success with its Ps7.5bn ($150.5m) IPO, drawing in enough demand to cover the deal three times over.

Indonesia’s Agung Podomoro Land (APL) priced its maiden offshore bond on Thursday, achieving a number of firsts thanks to its leading position in the country’s property market and its strong financials.