CIMB Group

The Islamic Development Bank is embarking on a three day sukuk roadshow, starting on Sunday.

Khazanah Nasional started taking orders for its first Islamic bond in dollars on Tuesday, while Bank of China’s Hong Kong branch launched bookbuilding for a triple tranche senior dollar deal.

Indonesia-based power producer Cikarang Listrindo is planning to launch the country's largest IPO for almost a year.

The Asia ex-Japan bond market finally saw some primary activity on Wednesday with the Republic of the Philippines set to be the first sovereign issuer of the year. The country launched a new 25 year bond and is giving investors the option to switch out of 16 outstanding deals at the same time.

Ranhill Holdings remains undecided on when to open books for its MR807.5m ($195.94m) Malaysian IPO and is taking a day-by-day approach on the launch due to volatile market conditions, said sources.

Equities is proving a tough business to get right in Asia, with yet more banks forced to cut staff in recent months. Barclays and CIMB are just the latest in a long line of casualties, and as the fee pool continues to shrink, industry insiders reckon that more pain is in store for the bit players, writes John Loh.

The Republic of Indonesia has chosen five banks to work on a dollar sukuk to be sold in the first quarter of the year.

Maybank has hired Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.

CIMB has let go 32 staff in Hong Kong, mostly in investment banking and equities, as the Malaysian lender continues its three year cost-cutting drive that began in 2015.

Malaysia’s Khazanah Nasional is gearing up for its first Islamic bond in dollars, having mandated banks to arrange a roadshow.

Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.

Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.