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  • Malakoff, the power arm of MMC Corp, is on track to raise a chunky MR2.74bn ($740.14m) via an IPO in Malaysia, making it the country’s largest listing in nearly two years following a dry spell in 2014.
  • CNY swaps were subject to better receiving interest on Tuesday. An open market operation by the People's Bank of China (PBoC) has backed short-end offers, while economic optimism is said to be behind receiving in five years, writes Deirdre Yeung of Total Derivatives.
  • MCT Consortium is set to open books next week on its MR594.75m ($160.66m) IPO in Malaysia, after securing local anchor investors for half of the trade.
  • Bank of China Aviation is planning to meet with investors over a potential dollar-denominated offering starting on March 18. But unlike all its previous outings, the aircraft leasing company is choosing a different route as it sets its sight on a 144A trade.
  • JP Morgan Asset Management (JPMAM) has launched a share class hedged to the renminbi for its Japan (Yen) Fund, which aims to provide long-term capital growth through investment primarily in Japanese securities and other securities whose performance is linked to the Japanese economy, the company said on March 16.
  • SB Asia Investment is offloading some of its shares in New York-listed online marketplace provider 58.com, in a deal that could raise it up to $110.5m.
  • Terms have emerged for notebook manufacturer Clevo’s $120m five year fundraising, which is scheduled to hit general syndication on March 20.
  • South Korea’s Cowell e Holdings opened bookbuilding for its Hong Kong IPO of HK$1.196bn ($154m) on March 17, with healthy indications coming from prospective investors ahead of the trade’s launch.
  • Italian lender Intesa Sanpaolo, the second largest by assets in the country, closed its first Formosa deal on March 13, a 5.25% three year bond that raised Rmb425m ($67.9m).
  • Colombia’s second largest telecoms company ColTel (Colombian Telecomunicaciones) is meeting investors about the possibility of issuing a hybrid bond.
  • Bi Mingjian, a founding member of CICC, has returned as CEO following a 10 year absence, the Chinese broker announced on March 16.
  • Bookrunners on a rare structured bond in Peru designed to enable investors to finance a greenfield project with reduced risk are hoping to issue as soon as this week.