Asean

Indonesia’s Chandra Sakit Utama Leasing (CSUL) has launched a $75m offshore loan into general syndication.

Indomobil Finance Indonesia has paid up for its offshore loan return for a new $100m three year borrowing.

Manulife US Real Estate Investment Trust (Reit) has concluded its placement of new units on the Singapore Exchange.

Philippine oil company Petron has received a strong response for its return to the offshore loan market, increasing the size of its deal to $800m.

Indonesian palm oil producer Perkebunan Nusantara III has launched its debut offshore borrowing into general syndication.

In this round up, the Belt and Road Summit 2019 wrapped up on Saturday with numerous deals, monthly industrial profit increased sharply in March and China reported a small capital outflow.

In this round-up, former Bank of China chairman Chen Siqing has been moved to be chairman of Industrial and Commercial Bank of China, China’s gross domestic product (GDP) grew 6.4% and the first batch of funds keen to invest in Shanghai tech board listing have received approval to do so

US-property backed Eagle Hospitality Trust has begun bookbuilding for its Singapore listing, looking to float for a market capitalisation of up to S$957.4m ($703m).

The Bank of the Lao PDR (BOL), Laos’s central bank, has relaunched a loan following a failed syndication late last year, but it is not clear how successful it will be second time around. Pan Yue reports.

Malaysian poultry producer Leong Hup International (LHI) has filed the prospectus for its coming IPO of up to MR1.2bn ($290m).

ARA Group has begun bookbuilding for its ARA US Hospitality Trust (ARA US) listing on the Singapore Stock Exchange. The deal represents the spin-off of US-based Hyatt branded hotels.

Crédit Agricole turned to the Singapore dollar market on Wednesday to sell its latest subordinated transaction, marking the French bank’s first bond sale in the currency.