CIMB Group

Malaysia’s Eco World International, which is planning a $500m IPO, will stick to its timeline for opening books in the third quarter of this year despite the risk of contagion from Brexit.

Fullerton Healthcare is set to sell a dual-tranche Singapore dollar bond backed by the Credit Guarantee and Investment Facility. The issuer plans to hit the market as early as next week ahead of the firm’s planned IPO in late July.

CIMB has made 16 people redundant in investment banking and equities, the second time the Malaysian lender has cut regional jobs this year amid a slump in deal flow.

Frasers Centrepoint has priced its Singapore real estate investment trust IPO at the top of guidance, bagging S$903m ($666.5m) after investors came out in force at the top of the range.

Frasers Centrepoint has covered its potential S$903m ($663.3m) Singapore real estate investment trust IPO after the first day of bookbuilding, according to a source close to the deal.

Property developer Frasers Centrepoint has launched bookbuilding for the IPO of a Singapore real estate investment trust backed by its Australian properties, with the deal set to raise up to S$903m ($655.8m).

Malaysia’s Khazanah Nasional sold nearly 2% of its stake in IHH Healthcare this week, raising MR828.7m ($200.5m) from what is the sovereign wealth fund’s first block trade in the company’s shares since its listing in 2012.

Khazanah Nasional has raised MR828.7m ($200.5m) by selling nearly 2% of its stake in IHH Healthcare, in what was the Malaysian sovereign wealth fund's first block in the company since its listing in 2012.

Eco World International is close to sealing a deal to bring in GuocoLand Malaysia as both a cornerstone and strategic investor in its $500m Malaysia IPO, said bankers on the trade.

Malaysia and Indonesia, two of the biggest economies in the ASEAN region, are being forced to adjust to a new global landscape. Demand from China is falling, US rates are creeping up, and commodity revenues are becoming increasingly unreliable. The transition towards sustainable growth in the future is essential for these countries, and essential for the continued development of their capital markets. Asiamoney sat down with a panel of leading experts from both countries to discuss how they can best navigate the path ahead.

Domestic bond markets in the ASEAN region are still at vastly different stages of development, and often differ dramatically in terms of depth, sector diversity, and the rating demands of investors. That makes the job of increasing cross-border flows between these markets all the harder. But the opportunities are rife, and growing. Asiamoney sat down with a group of debt market experts to discuss how these markets can grow individually, and how they should grow together.

TPI Polene Power is looking to list on the Stock Exchange of Thailand via leads CIMB, Maybank and Tisco Securities.