Asean

Raja Teh Maimunah Raja Abdul Aziz is set to join Malaysia’s AmBank Group as CEO of its investment bank, according to sources close to the matter.

BDO Unibank has fixed the terms for its Ps60bn ($1.2bn) rights issue, marking a rare — and large — appearance in ECM from the Philippine lender.

Credit Suisse has rejigged its Singapore country management team with the appointment of a new chief executive, deputy CEO and branch manager, all effective from January 1.

Natixis has beefed up its aviation finance division with a number of senior appointments in Singapore and London, citing “robust growth for the business line" as the reason behind the developments.

Dasin Retail Trust could be the first out of the gate with a decent-sized southeast Asian IPO this year, with books slated to launch as early as this week.

ANZ and CIMB have both revealed plans to sell their respective stakes in Shanghai Rural Commercial Bank (SRCB) and Bank of Yingkou, as part of strategies to focus on their core businesses.

Fitch has revised Indonesia’s outlook to positive from stable, citing a combination of factors including low government debt burden, favourable growth prospects and limited exposure to banking sector risks.

ECM activity in Asia has slowed to a trickle in the week before Christmas, but investors still have something to chew on courtesy of two real estate investment trusts in southeast Asia.

A subsidiary of Malaysian telecommunications company Axiata Group has expanded the bookrunner group of a $400m loan, which was overhauled and boosted from the original $100m in November.

The Singapore Exchange has received certification that its kilobar gold futures contract is now Shariah-compliant.

CT Corp company Trans Retail is in discussions with several banks for a financing of $550m-$750m. The Indonesian borrower is yet to firm up the size of the facility, as it is still chalking out its capital expenditure plans.

Indonesian conglomerate Astra International is in the process of putting together a group of lenders to supply its latest $200m loan.