CIMB Group

Malaysian telecommunications giant Axiata Group and Bank of Communications Financial Leasing are looking to tie up their respective dollar offerings on Tuesday with the former executing a sukuk and the latter a conventional bond.

The Republic of Indonesia is set to go on the road to meet investors for its annual return to the dollar sukuk market.

Ranhill Holdings has finally sealed its IPO of MR386.78m ($93.76m) at the bottom of the range after delaying the pricing decision from Tuesday and dropping the secondary offering.

Malaysia-listed WCT Holdings is looking to spin off its property into a real estate investment trust and list its construction arm, with both IPOs likely to come to the market next year.

Malaysian telecommunications company Axiata Group has mandated three banks for a quick return to the Islamic bond market.

Malaysia’s CIMB has named Kong Sooi Lin as CEO of its investment bank, a role she had covered since the group chief executive left the position earlier this year.

Malaysia’s CIMB has named Kong Sooi Lin the CEO of its investment bank, a role she had filled in the interim after the bank’s group chief executive left the position.

Union Medical Healthcare covered the institutional tranche of its HK$951m ($122m) IPO on the first day of bookbuilding, with the deal driven by orders from Asian accounts.

Ranhill Holdings launched its MR760m ($181m) IPO on Monday morning, with the Malaysian utility firm finally deciding to go ahead with a one-day bookbuild for the float.

Eco World International, which dropped plans for a special purpose acquisition company IPO in 2015, is seeking to raise $500m with a listing by the middle of this year, said sources.

In an unusual move, Malaysia’s Ranhill Holdings may shorten bookbuilding for its MR807.5m ($190.96mm) IPO to just one day, as volatile market conditions have made it impossible to find the right window.

Khazanah Nasional made its inaugural appearance in the dollar sukuk market this week with a $750m transaction. But the landmark trade courted plenty of controversy around its execution and the notes’ subsequent secondary performance.