Malaysia

Two Malaysian lenders, CIMB and AmBank, have hit the loan market in quick succession, seeking a total of $700m between them.

Malaysian mortgage and securitization firm Cagamas raised $350m from its latest three year bullet, despite surprise market volatility that nearly caused the issuer to pull the deal.

Malaysia-based Lotte Chemical Titan has submitted a draft a prospectus for its upcoming IPO on the Bursa Malaysia, which is expected to raise at least $1bn, according to a source close to the deal.

Malaysia’s Cagamas Berhad kicked open the Tuesday market with the launch of a new dollar offering, while Saka Energi Indonesia announced its pursuit of a new dollar deal as well.

Khazanah Nasional is looking to hire banks for its return to the equity-linked market via an exchangeable sukuk, just eight months after its last issue.

The senior syndication phase for a $400m loan for Malaysian lender CIMB is close to completion, with three banks joining mandated lead arranger and bookrunner Standard Chartered.

Khazanah Nasional is sounding out banks for a potential exchangeable sukuk some eight months after it last sold bonds in the format.

South Korea’s Lotte Group is targeting a third quarter listing of its Malaysian petrochemicals arm, which will raise more than $1bn.

Eco World International has raised MR2.6bn ($587.4m) from its IPO after domestic investors piled into the deal.

Eco World International priced Malaysia’s largest IPO so far this year to raise MR2.6bn ($578.5m) on Tuesday, in a deal that saw domestic investors piling in.

Malaysia's CIMB is in the first phase of syndicating a $400m five year financing, returning to the loan market after an absence of 10 years.

Malaysia’s IOI Properties Group has successfully tapped the equity market for MR1.5bn ($343.2m) via a rights issue, with the funds to be deployed to repay debt.