Thailand

Cross-border capital raising within Asean is set to become easier following the release of a handbook detailing a streamlined framework for issuers.

CIMB Thai Bank is gearing up for a Bt3.69bn ($104m) seven-for-40 rights issue that is set to hit the market in October.

Global equity and debt markets rallied on Tuesday, while volatility subsided, after the People’s Bank of China cut its one year lending rate. But for hard hit emerging markets, more pain could be on the way.

A spike in Asian green bond issuance this year has not yet spurred the use of the instrument by borrowers in the Asean region, where the conventional debt markets already face challenges as they develop. But credit enhancements and strong precedents from neighbouring countries could help generate more green activity in southeast Asia, writes Christina Khouri.

The Kingdom of Thailand is gearing up for its third inflation-linked bond, having appointed a trio of banks to arrange the deal.

Central China Securities Co wrapped up a HK$2.53bn ($327m) placement on July 24, allowing its shares to resume trading on Monday after what had turned out to be a longer-than-usual bookbuilding process.

Thai Union Frozen Products Public Company opened books for a Bt12.72bn ($371m) preferential public offering on July 20, following non-deal roadshows that brought positive feedback from the investor community.

Thailand’s Security and Exchange Commission (SEC) has announced a new approval system that aims to make selling debt easier and more efficient.

Thai Union Frozen Products Public Company opened books for a Bt12.72bn ($371m) preferential public offering on Monday, July 20, following non-deal roadshows that brought some positive feedback from the investor community.

In this round-up, Macau RMB deposits and cross-border RMB trade settlement fall in February, ICBC launches RMB clearing in Thailand, the Shanghai FTZ expands four-fold, and Kenya hopes to become the RMB hub in Africa.

In this round-up, Malaysia and China renew their bilateral swap agreement, Thailand launches RMB clearing services, and the Silk Road Fund makes its first investment into Pakistan.

As the first Thai bank enters the offshore RMB bond market, Thai regulators are keen to attract Chinese corporates to its capital markets.