Southeast Asia

The Republic of Indonesia broke its own Islamic finance record on Wednesday, sealing a whopping $3bn dual tranche sukuk.

Eco World International has raised MR2.6bn ($587.4m) from its IPO after domestic investors piled into the deal.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co, Japfa Comfeed Indonesia and Zhuhai Huafa Group Co ventured into the debt market on Thursday, following some recovery in credits in the US overnight.

Temasek-owned Mapletree Investments is planning to list Singapore's first trust consisting of student accommodation once the portfolio reaches a size of S$4bn-S$5bn ($2.9bn-$3.6bn).

Eco World International priced Malaysia’s largest IPO so far this year to raise MR2.6bn ($578.5m) on Tuesday, in a deal that saw domestic investors piling in.

The Republic of Indonesia launched a two-tranche sukuk on Wednesday, offering investors five and 10 year dollar options for its annual pursuit of Islamic financing.

WHA Utilities and Power’s Bt6.02bn ($173m) IPO is being pitched as a different kind of utility stock, offering a rare growth story instead of the usual defensive angle, according to bankers.

Malaysia's CIMB is in the first phase of syndicating a $400m five year financing, returning to the loan market after an absence of 10 years.

Indonesian company Sri Rejeki Isman (Sritex) seized an unexpected window for a deal late on Monday morning, launching and pricing a $150m bond soon after an investor call.

Malaysia’s IOI Properties Group has successfully tapped the equity market for MR1.5bn ($343.2m) via a rights issue, with the funds to be deployed to repay debt.

Emperor International Holdings is gearing up for a new dollar bond, hiring nine firms to work on the transaction, while Japfa Comfeed Indonesia is looking for fresh funds to partly redeem its 2018s.

Thailand’s ECM market is heating up with yet another IPO set to launch this week, as WHA Utilities and Power starts bookbuilding on Tuesday.