Asean

Veteran banker Ali Abbas Alam, co-head of the emerging markets financing group for Asia at Credit Suisse, is due to leave the lender after a 16 year spell.

Bond investors woke up to a pair of investment grade Asian issuers on Wednesday with the government of Malaysia seeking bids for a dual-tranche wakala sukuk and BoC Aviation looking to close a conventional 10 year.

British American Tobacco subsidiary Bentoel Internasional Investama is set to proceed with an up to Rph14tr ($1.1bn) rights issue, having won the go ahead from shareholders.

Indonesian television broadcaster MNC Sky Vision has launched the senior syndication phase of its $275m two tranche borrowing.

CIMB Group chairman and director Nazir Razak has taken a voluntary leave of absence pending a board review on banking activities relating to his personal account.

DBS Group Holdings has completed its inaugural foray into Hong Kong’s bank capital market, selling a Basel III tier two trade last week. The move is part of the Singaporean lender's strategy to diversify its bank capital funding sources.

Pacific Basin Shipping has proposed a rights issue to raise HK$1.2bn ($150.6m) as it sees the dry bulk shipping market bouncing back from one of its most difficult periods in over 30 years.

The European Covered Bond Council (ECBC) has appointed DBS's Colin Chen as the chairman of a new global working group for 2016-2019.

Manulife US Real Estate Investment Trust (Reit) has tentative plans to start pre-marketing its Singapore listing from next week, according to sources close to the deal.

In this round-up, trade settlement picked up in March, Asian exchanges saw declining USDCNY futures volumes, Nigeria will include the RMB in its FX reserves, a survey found the RMB is likely to replace the Hong Kong dollar as most popular currency in HK, and a new cross-border scheme was established between Singapore and China. Plus, a recap of GlobalRMB's top stories this week.

Maybank is contemplating issuing a tier two note in dollars with the Malaysian lender set to go on the road to gauge investor interest next week.

Phnom Penh Special Economic Zone (PPSEZ) is set to become the fourth IPO on the Cambodian Stock Exchange after gaining regulatory approval to list.