Malaysia

PBoC opened the week with a near-300bp weakening of the dollar fix, while Rusal received the green light for its upcoming Panda bond deal, and the Shanghai-London Stock Connect is now one step closer to becoming reality.

In this round-up, CFETS sets its dollar fix nearly unchanged after a week-long break, several Japanese lenders get ready to gain access to the China interbank payment system, and RMB trade settlement in Hong Kong sees a sharp fall in 2016. Plus a recap of our coverage.

Malaysian conglomerate Sime Darby Group is planning to spin off and list its plantation and property businesses, while retaining its trading and logistics operations, in an effort to create three pure play arms.

Malaysia’s UMW Oil & Gas Corp (UMW-OG) has proposed to raise MR1.8bn ($405.9m) in a renounceable rights issue to smooth the way for a corporate exercise.

Malaysia’s first IPO of size this year priced comfortably at the top of indications, raising MR584.1m ($130.5m) for Serba Dinamik Holdings.

Securities Commission Malaysia has come out with a new framework for the listing of mineral, oil and gas (MOG) firms, the regulator said.

TPG Stallion Holdings raised HK$542.7m ($70.0m) after offloading a chunk of its stock in Chinese firm Li Ning Co this week, while Malaysia’s Federal Land Development Authority (FELDA) sold a block of Maybank shares for MR281.7m ($63.3m).

Malaysian conglomerate Genting Group raised $1bn from its inaugural dollar bond, issued through subsidiary Genting Overseas Holding Company (GOHL).

Malaysia’s Federal Land Development Authority (FELDA) has bagged MR281.7m ($63.1m) after offloading a chunk of its shares in Maybank, according to a source close to the deal.

Malaysian conglomerate Genting Group launched its debut dollar bond through subsidiary Genting Overseas Holding Company (GOHL) on Tuesday morning.

Malaysia’s Maybank has reshuffled the top ranks in its investment bank, naming two senior executives to lead regional equity and debt functions.

Indian power company NTPC and Malaysia’s Genting Overseas Holding Company are planning their respective debut outings, with the former seeking euros and the latter dollars.