Southeast Asia
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Indonesia has made impressive use of the international bond markets to endure a volatile year. GlobalCapital finds out what the country is planning next. -
State-owned enterprises have emerged as a critical agent for Indonesia’s government to spur economic growth during the pandemic. Their importance is only likely to rise in the future, writes Rashmi Kumar.
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The Indonesian authorities have used nearly every trick in their fiscal and monetary policy playbook to kick-start an economy hit hard by the coronavirus pandemic. The results are slowly showing, but there is an uphill battle ahead, writes Rashmi Kumar.
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Asia’s first blue loan has sparked debate among market observers about the potential of the asset class amid rising interest from borrowers for ESG-focused funding. While expectations are high for the blue loan market’s development in 2021, challenges remain, writes Rashmi Kumar.
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Kerry Express, a Thailand-based delivery company, has raised Bt8.4bn ($279.5m) after sealing its IPO at the top of the marketed range.
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AirAsia X is looking to raise MR500m ($123m) from a rights issue and a placement of new stock to some shareholders.
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Aabar Investments has pocketed MR932.4m ($229.4m) after selling down its remaining position in Malaysia’s RHB Bank, according to a source close to the deal.
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Malaysian energy giant Petronas raised MR3.05bn ($751.8m) from a pair of secondary share sales on Thursday.
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Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.
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The Lao People's Democratic Republic is pursuing a dollar bond sale.
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Philippine company SMC Global Power Holdings Corp added $350m to its coffers from a bond tap on Monday, taking advantage of market stability to return to investors rapidly.
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VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has exercised the greenshoe option to increase the size of its loan to $170m.
