Asean

Malaysia’s CIMB Group and China Galaxy Securities Co said they are in talks to form a 50:50 joint venture for their stockbroking operations.

GlobalMarkets: Vietcombank’s stated ambition is to establish itself as the number one bank in Vietnam and one of the top 300 in the world. Very briefly, can you explain how Vietcombank will achieve this ambition?

Vietnam is one of the fastest growing economies in the emerging market universe, and an increasingly popular magnet for investors looking to establish a hub in the ASEAN region. But explosive growth is creating a number of challenges.

Philippine lender BDO Unibank issued its first dollar bond in four years on Monday, but found itself competing for investors' attention on a busy day of primary issuance.

Syndication is under way for a A$500m ($380m) five year facility to support Philippine consumer food and beverage company Universal Robina Corp’s acquisition of Snack Brands Australia.

Keppel DC Reit Management has kicked open a rights issue worth up to S$279.5m ($201.4m), while Zhuguang Holdings Group Co has launched a HK$1.4bn ($180.4m) offering — both to fund acquisitions.

A senior member of the equity capital markets desk in Malaysia’s RHB Bank has resigned, according to sources close to the move.

Fullerton Healthcare Corp is working with the Singapore regulator to resolve issues around its S$213.3m ($154.7m) IPO, with the delay causing some investors to consider pulling their bids.

Indonesian telecommunication tower company Solusi Tunas Pratama has opened the dollar portion of a $350m-equivalent multi-currency loan to retail lenders.

Goldman Sachs has named Raghav Maliah as head of southeast Asia investment banking, while picking Dan Swift to lead the lender’s Singapore team.

BDO Unibank in the Philippines and Industrial and Commercial Bank of China New York branch made their respective returns to the dollar bond market on Monday.

International Container Terminal Services (ICTSI) executed a successful liability management exercise on Thursday with a $375m perpetual non call 7.6 year, printing a deal with numerous firsts.