Bangladesh
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Telecom operator Robi Axiata has won approval from Bangladesh’s securities regulator to list for Taka5.2bn ($61.9m), making it the country’s largest IPO.
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Robi Axiata has submitted an application to the Bangladesh securities regulator for a Taka5.2bn ($62m) IPO, set to be the largest in nearly a decade.
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Bangladesh’s largest bank, Islami Bank Bangladesh, will sign a debut international syndicated loan of $100m before year end.
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Nomura Holdings has applied to the China Securities Regulatory Commission (CSRC) to establish a joint venture securities firm in the country.
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The Shanghai and Shenzhen stock exchanges have won a bid to buy a 25% stake in Bangladesh’s Dhaka Stock Exchange, according to a joint statement from the Chinese acquirers.
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Summit Power International’s hopes to be the first Bangladeshi issuer to list in Singapore have fizzled out after its $260m IPO was withdrawn.
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Summit Power International has opened books for the first IPO of a Bangladeshi firm in Singapore, hoping to raise $260m.
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MUFG Securities Asia has named Royal Bank of Scotland veteran Pierre Ferland as its new chief executive.
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The pipeline for equity capital raisings out of Southeast Asia is filling up nicely, with issuers from the Philippines, Vietnam, Bangladesh and Singapore looking to launch deals.
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China’s FX watchdog loosens its grip on FX forward settlement, HSBC becomes the first foreign bank to handle an individual RMB remittance transaction following a rule change in January and the Securities and Exchange Commission (SEC) stopped an attempt by Chinese investors to acquire the Chicago Stock Exchange.
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Singapore is set to host its first IPO from Bangladesh, with Summit Power looking to hit screens in early March, said bankers close to the deal.
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Exotix Capital has brought on three new hires to its frontier markets research team ahead of the introduction of MiFID II.
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The World Bank is working on new refugee bonds, GlobalMarkets can reveal, as Bangladesh put in a request for financial support to cope with the burdens of the influx of Rohingya Muslim migrants from Myanmar
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A management shake-up and a renewed focus on financing small and medium-sized enterprises have boosted Brac Bank’s performance. But CEO Selim Hussain says he is nowhere near finished when it comes to unleashing the bank’s potential
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It’s the unspoken secret of Bangladesh’s banking world. The true figures for bad loans make a juicy read for investors but are an embarrassment for many of the country’s banks. Do the authorities have the appetite to deal with the problem, now the central bank has revealed all?
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OCBC has hired David Cheng from Deutsche Bank to be head of corporate finance. He will run the Singapore bank’s equity capital markets, M&A and equity syndication teams.
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The Securities and Exchange Board of India (Sebi) and the Bangladesh Securities and Exchange Commission (BSEC) have agreed to extend bilateral co-operation and technical assistance to each other under a new pact.
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Bangladesh’s Atiur Rahman appears to be one of the relaxed and contented central bank governors in Lima this week, having avoided the commodity crash and sitting on substantial foreign currency reserves. The taka is also about to make its debut in the international bond markets, with the IFC set to issue in the currency
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The Japan Post group has announced price ranges for the long-awaited IPOs of its three units, set to collectively raise ¥1.44tr ($12.03bn) to become the biggest offering this century in the country.