SM Investments is planning to list its China mall portfolio either in Singapore or Hong Kong once it has built up critical mass.
The US ratings agency also expects premium growth to remain robust but warns about the country's high catastrophe risks.
The sale, which was priced at a 10.4% discount, comes four months after the Philippine casino operator fired its GGAM-appointed COO. Separately, a group of founders raises $75 million from the sale of shares in chain restaurant operator Tsui Wah.
The country swapped $1 billion of its existing bonds with notes from its new $1.5 billion issue, cutting funding costs and monetising on its investment grade ratings.
Today we recognise the best deals from each of the main markets in the region.
A roundup of the latest syndicated loan market news.
The conglomerate hits the market as its stock is about to go into the MSCI Philippines index, prompting a number of passive index funds to buy into the deal.
Philippines businessman has risen to number three on the country's rich list due to robust demand for his three core products — high-density property, affordable brandy and McDonald’s burgers.
Ramesh Subramaniam, deputy director-general, Southeast Asia, for the Asian Development Bank, tells FinanceAsia that the Philippine government will need help to pay for reconstruction in the wake of Typhoon Haiyan.
A sizeable issue – to pay for rebuilding – would be an interesting barometer of how investors now see the country's growth story following the disaster.
Port operator ICTSI, which is controlled by Philippine billionaire Enrique Razon, isn't daunted by the risks of expanding beyond Asia to places as diverse as Honduras, Nigeria and Argentina.
The impact of the disaster befalling the Philippines is unlikely to threaten the country’s growth story, which earned it investment grade ratings.
China Overseas Finance (Cayman) III completes the largest G3 trade from the real estate/property sector in Asia (ex Japan) on record.
The Gokongwei family’s retail arm fixes price at low end of the range but raises $621 million in the country’s largest new listing in US dollar terms.