Asean

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.

Malaysia's Maybank has priced its latest $400m five year bullet loan tightly at 95bp over dollar Libor, launching the deal into general syndication last week.

Citi has created a new position of head of corporate banking for Asia Pacific, naming Gerry Keefe in the role.

Indonesian hypermarket operator Trans Retail has enlisted one bank to arrange a $125m refinancing, with invitations sent out to lenders.

International Finance Corp has signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia to help the country improve its corporate governance standards to attract more foreign investment.

A $315m five year loan for Stats ChipPac has been signed after being in syndication for six months. Eight banks eventually formed the lending group.

Australia and New Zealand Bank has appointed Vishnu Shahaney as the new chief executive officer for Indonesia, replacing Joseph Abraham who is leaving the firm.

Sukuk investors are getting ready to welcome Malaysia's dollar offering, with the sovereign hiring four banks to organise a global roadshow.

Eastspring Investments has named Raymond Tang as chief executive officer of its Malaysia operation, according to a statement from the firm on Monday.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.