Asean

Indonesian real estate company Modernland Realty is still finding a way to tackle its debt situation, and has asked for another payment moratorium.

The Singapore Exchange (SGX) and Brussels-based Euroclear Bank have teamed up to launch a new bond structure in Asia.

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has further increased the size of its loan to $230m after additional banks joined the deal.

Taiwanese leasing company Chailease International Finance Corp has made a quick return to the loan market through its Singapore entity.

Thai Union Group, a seafood producer, has raised its first sustainability-linked loan of Bt12bn ($401m)-equivalent from the Thai and Japanese markets.

Mining Industry Indonesia, a holding company for the government’s stakes in five domestic mining firms, is seeking an up to $750m borrowing from the loan market.

Vietnam Technological and Commercial Joint Stock Bank is in discussions with lenders for a comeback to the loan market.

Standard Chartered has made two appointments to its corporate, commercial and institutional banking (CCIB) business in Singapore.

Thai Beverage is preparing to spin off and list its brewery business, BeerCo, on the Singapore Exchange in a deal expected to raise as much as $2bn.

Sustainability-linked bonds conquered a new investor base this week, as the instrument spreads rapidly around the world. Surbana Jurong, an architecture and engineering consultancy indirectly owned by the Singapore government, brought the first such instrument to the Singapore dollar market, where it aroused keen interest.

Thailand’s PTT Oil and Retail Business scooped up Bt54bn ($1.79bn) this week from the country’s largest IPO in a year. The deal was a hit with both domestic and foreign investors — but in a somewhat unusual twist, the issuer cut the entire international public book during allocation. Jonathan Breen reports.

Indonesian state-owned oil and gas company Pertamina raised $1.9bn from a two-tranche deal on Wednesday.