Asean

Indonesia's Bank Mandiri has sold its first sustainability bond, raising $300m after an order book that was more than 10 times subscribed at its peak.

Petron Corp, a Philippine oil company, raised $550m from a senior perpetual bond sale this week.

Casino operator Genting Malaysia bagged $1bn from a 10 year bond on Monday, surpassing the size expectations for the trade.

BIMB Holdings, a Malaysian financial holding company that is in the midst of a restructuring, is looking to raise about MR795.6m ($192.4m) from a primary placement of new shares.

Indonesia's Pertamina is planning to sell a green bond before the end of 2022, as the oil and natural gas company plots a gradual transition of its core business.

MUFG Bank has named Colin Chen as head of ESG finance for Asia Pacific, a newly created position to support the development of the firm's green financing business in the region.

Singapore’s UOB has appointed Eric Lim as its chief sustainability officer, a newly created position to support the bank’s focus on ESG, which got a fresh impetus this week with the sale of the lender’s first sustainability bond.

Singapore Telecommunications (Singtel) sold a subordinated perpetual bond in the Singapore dollar market this week, marking its return to the currency after more than a decade, as well as its first perp.

Singapore’s United Overseas Bank sold its debut sustainability bond on Wednesday, raising $1.5bn and notching a number of other firsts with its deal. Morgan Davis reports.

Singapore’s stock exchange has launched a consultation about proposed rules on special purpose acquisition companies.

The Republic of the Philippines sold its first zero-coupon bond in the Japanese market this week.

Philippine company SPi Global, an outsourcing services provider, is understood to be seeking a $300m to $400m loan, some of which will go towards funding a dividend recapitalisation.