Asean

The World Bank and Assicurazioni Generali are each giving the insurance-linked securities (ILS) they issue a sustainability label, as the market attempts to burnish its credentials for investors concerned with environmental, social and governance (ESG) criteria. Both issuers are imitating conventional green bond programmes by focusing on direct use of proceeds, but there are also debates around issues such as freed-up insurance capital and what governments do with funds released from catastrophe bonds.

Logistics conglomerate Ever Flow River Group (EFR) has won approval from the Yangon Stock Exchange to join its sparsely populated board.

TCC Group, controlled by Thai billionaire Charoen Sirivadhanabhakdi, has agreed a $10bn two year loan to support its bid for Tesco’s Asian assets.

United Hampshire US Real Estate Investment Trust (Reit) has wrapped up the international roadshow for its $323.6m Singapore IPO, boosted by investors' search for stability amid volatile markets.

Nomura has established a strategic partnership with Indonesian brokerage Verdhana to boost its equities execution and research in the country.

Indonesia’s Buana Finance has returned to the offshore loan market after five years, seeking a $73m loan.

Workers of the world’s capital markets united this week in efforts to keep the funding flowing as the threat of the Covid-19 coronavirus advances. Roadshows, mandate pitches and even quotidian office life faced emergency changes as embattled financiers braced themselves and their businesses for virus disruption.

United Hampshire US Real Estate Investment Trust has launched Singapore’s second Reit listing of the year. The deal comes as volatility around the world has brought many IPO markets to a halt, with investors looking for safe-haven opportunities. Jonathan Breen reports.

VPBank Finance Company, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, is in talks with banks for a new loan.

United Hampshire US Real Estate Investment Trust (Reit) has kicked off the roadshow for a $323.6m Singapore IPO on the back of chunky cornerstone investor orders, according to a source familiar with the matter.

Standard Chartered’s global head of leveraged finance and structured solutions has left the bank, according to a source close to the situation.

Singapore’s Park Hotel Group has sealed its maiden green loan, raising S$237m ($169m) from United Overseas Bank.