Asean

Deutsche Bank has hired Kamran Khan to head its environmental, social and governance efforts in Asia Pacific.

Mining company Indonesia Asahan Aluminium (Inalum) battled weakening fundamentals and financial troubles at its state-owned peers to raise $2.5bn from a triple-tranche bond on Monday.

Malaysian telecommunications company Axiata has raised $800m from an Islamic sustainability-linked loan.

Indofood CBP Sukses Makmur has sent out a request for proposals for a loan to back its acquisition of instant noodle maker Pinehill Company.

AAA Oils and Fats, the trading subsidiary of Singapore-based palm oil processor and distributor Apical Group, has returned to the offshore loan market for a $900m refinancing.

Bank Mandiri has continued the flow of Indonesian dollar bonds in the primary market, raising $500m on Tuesday with just a small 5bp new issue premium.

Cambodian micro finance company Amret has closed its debut loan after attracting six participants during syndication.

Indonesian quasi-sovereign construction firm Hutama Karya launched its first dollar bond on Monday, raising $600m from a 10 year deal despite the Covid-19 pandemic challenging the market.

United Overseas Bank has approved S$4bn ($2.8bn) in loans to mid-sized enterprises in Singapore, taking advantage of a temporary bridging loan programme launched by the country’s government to cushion the impact of the Covid-19 pandemic on companies.

Singapore-based integrated energy company Puma Energy has raised a $310.5m revolving credit facility from a consortium of international lenders.

The Republic of the Philippines printed one of its largest bonds on record this week at exceptionally tight levels, taking $2.35bn from a dual-tranche deal. The sovereign gave investors what they wanted: long tenors, attractive initial pricing levels and full clarity on the impact of Covid-19 on the country, writes Morgan Davis.

Singapore's Temasek Holdings-backed Clifford Capital has restructured its business, creating a holding company and a new infrastructure loan platform.