Southeast Asia

Veteran banker Ronny Chng, from United Overseas Bank has passed away, according to an Asia Pacific Loan Market Association announcement.

AAA Oils and Fats, the trading subsidiary of palm oil company Apical, has returned to the loan market with a $750m facility.

Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter.

The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

Vietnam property developer BIM Land JSC made its debut in the dollar market this week with a green transaction.

Hyundai Motor Manufacturing Indonesia nabbed $300m from a five year bond on Tuesday.

AC Energy Corp, a Philippine renewable power producer, has kicked off a follow-on offering of primary and secondary stock, eyeing up to Ps12.4bn ($256.4m).

Philippines-based Monde Nissin has won regulatory approval to launch its IPO next month.

Thailand’s Gulf Energy Development Public Co is in talks with a large group of banks for a bridge loan of about Bt170bn ($5.3bn) to support its acquisition of Intouch Holdings. Pan Yue reports.

Malaysian oil company Petroliam Nasional (Petronas) raised $3bn from a dual tranche bond, just a day after the country’s sovereign made its dollar return.

Top Glove Corp, the world’s largest manufacturer of rubber gloves, has revised its planned Hong Kong listing down to a size of HK$6.9bn ($889m).

BOC Aviation has sold a $750m bond through its US subsidiary, pricing its third dollar outing of the year at wider levels than some fair value estimates from analysts.