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  • Bankers expect a charge for euro bank funding in the coming weeks, despite a range of stimulus measures from the European Central Bank on Thursday having a bizarre impact on currency and equity markets.
  • Malaysia Building Society (MBSB) has announced a two-call rights issue that will see it raise up to MR2bn ($487m) from shareholders.
  • In this round-up, Malaysia opens RMB qualified foreign institutional investor (RQFII) applications, Macau launches a RMB real time gross settlement (RTGS) payment system, China Construction Bank (CCB) will join the new London silver fix, and the Singapore Exchange (SGX) reported a strong start to RMB currency futures trading in 2016. Plus, a recap of GlobalRMB's top stories this week.
  • The qualified domestic limited partnership (QDLP) scheme was reported to be the latest victim of attempts by the Chinese authorities to stem outflows. Market participants, however, deny the scheme has been shut down.
  • Perennial Real Estate raised S$125m ($90.4m) from a three year bond on Thursday, the latest in a flurry of deals in Singapore’s debt market.
  • Doosan Bobcat, part of South Korean chaebol Doosan Group, has roped in six banks to lead its IPO.
  • Korea Gas Corp (KoGas) is looking to sell its first international bond of the year in the second quarter, as part of plans to raise $1.5bn-$1.9bn in 2016 to refinance debt and fund overseas projects.
  • A $300m three year loan for Development Bank of the Philippines (DBP) has been allocated, with the borrowing capped at the launch size despite an oversubscription.
  • FIG
    Yankee FIG issuers continued their return to the high grade dollar market this week as investors snapped up new issues from a variety of names.
  • It took what some have called "drastic" measures by European Central Bank chief Mario Draghi, but Thursday’s short-lived euphoria took Europe’s credit derivative market almost back to where it began the year – only for it and other asset classes to suffer another bout of neuroses and hit reverse.
  • After over a month with no Obligations Foncières supply, Caisse Française de Financement Local (Caffil) and Compagnie de Financement Foncier (CFF) returned to the primary covered bond market on Monday.
  • Bankers pitching to lead the first loan for Saudi Arabia in more than 20 years say the borrower will tussle for tight pricing even though the Gulf’s other sovereigns and blue chips face further downgrades, write Elly Whittaker and Virginia Furness.