Southeast Asia

Maybank timed its first Basel III tier two outing in dollars well, netting $500m last Friday. Despite the turmoil surrounding the country, the Malaysian lender was encouraged by the strong performance of the sovereign’s sukuk to come out to the market in the same week.

Malaysia’s Eco World International is in the process of lining up five or six cornerstone investors for its summer listing, a source close to the deal told GlobalCapital Asia.

Philippine property developer 8990 Holdings has picked China Bank Capital Corp to arrange and underwrite its upcoming Ps5bn ($107m) securitization of housing receivables.

A pair of investment grade issuers, Maybank and JD.com, ventured into the dollar bond market on Friday albeit with quite different trades.

Despite the difficult start to the year, global financial exchanges have continued to expand their coverage of world markets with new listed products.

The Philippines is set to welcome a new asset class in infrastructure financing, with a proposal to issue project bonds and list infrastructure companies. Andre Palacios, executive director of the Public-Private Partnership (PPP) Center of the Philippines, tells GlobalCapital Asia’s John Loh about the plans.

Two privately owned Indonesian companies have hit the loan market with attractive margins on offer, marking a break from thinly priced deals by state-owned firms. But the mood among bankers is one of caution. While the outcome will provide a clear picture of the appetite for Indonesia, the syndications will face challenges. Shruti Chaturvedi reports.

Panama’s Global Bank eyes Asia liquidity — Indo Eximbank in $725m fundraising — Protelindo in bilateral talks

Indonesia’s Chandra Sakti Utama Leasing (CSUL) has approached the loan market for $80m, in a deal that comes backed by its accounts receivable.

Natixis has named Alain Gallois as CEO of corporate and investment banking for Asia Pacific, a position he will take up in July.

The New Development Bank Brics (NDB) has appointed four Chinese banks and two internationals banks to work on a renminbi-denominated green bond to be sold to Chinese onshore buyers.

The Government of Malaysia flexed its muscles as one of Asia’s biggest Islamic bond issuers this week, brushing off noises over a political scandal and volatile oil prices to raise $1.5bn.