Malaysia

Malaysia's CIMB has increased the size of its syndicated loan to $500m from $400m, raising the additional amount as a separate facility from banks that joined as mandated lead arrangers during senior syndication.

Malaysia’s CIMB Group has sold half of its international brokerage operations to China Galaxy Securities Co, formalising a plan set out last year.

Malaysian lenders RHB Bank and AMMB Holdings (AmBank Group) have entered into an exclusivity agreement for a potential merger.

Bank Islam Brunei Darussalam is understood to be eyeing a possible $500m IPO in Malaysia, the first listing of a Bruneian issuer on any exchange.

Credit Suisse and United Overseas Bank have become the latest lenders to be penalised by the Monetary Authority of Singapore for breaches related to scandal-hit Malaysian sovereign wealth fund 1MDB.

A $400m borrowing for Malaysia's CIMB has had strong reception during general syndication, with over a dozen banks lining up.

Malaysia Airports Holdings is looking to revise covenants on a €500m loan from 2015 taken for the acquisition of Istanbul Sabiha Gökçen (ISG) International Airport.

Lotte Chemical Titan, the Malaysia-based arm of South Korean conglomerate Lotte Group, has fixed a ceiling price for its MR5.9bn ($1.4bn) IPO.

Malaysia’s Axis Real Estate Investment Trust is planning a placement of new units that could raise some MR465.4m ($108.1m), said the company.

Malaysian Resources Corp is looking to raise some MR2.9bn ($660.3m) from a rights offering to repay debt and fund its property development activities.

Edra Global Energy, the Malaysian power producer owned by China General Nuclear Power Corp, is understood to be seeking banks for a potential IPO – though in an intriguing fashion.

A senior ECM banker in Malaysia has left RHB Investment Bank to join AmInvestment Bank, taking on a broader role encompassing ECM as well as the entire equities franchise.