Malaysia

ECM regular IOI Properties Group is back with a rights issue, and is looking to raise MR1.53bn ($346m) from existing shareholders. The deal is already in the bag as the Malaysian company’s largest stakeholders are all expected to sign up for the transaction.

A subsidiary of Malaysian telecommunications company Axiata Group, which approached the loan market for $100m in June, is overhauling and increasing the financing to $400m to fund potential acquisitions.

Bank Negara Malaysia (BNM) is looking to build out local payments and investment infrastructure to make the country’s financial markets fully RMB-capable, Adnan Mohamad Zahid, assistant governor, said in a recent speech.

Fast food operator QSR Brands is seeking an IPO to raise more than $500m in Malaysia next year, mandating three local and two international banks.

Malaysia’s Yinson Holdings doubled the size of the increase option on its overnight share sale, allowing its shareholders to raise MR420m ($101m) on Wednesday.

HSBC has tapped a senior investment banker from Credit Suisse to lead a division of its private bank, naming Johnny Liu as managing director and regional head of global solutions group (GSG), Asia Pacific.

There has been a relentless downward pressure on the pricing of investment grade loans this year, as lenders choose to preserve the size and quality of their balance sheets even in the face of diminishing returns. Unfortunately, respite from margin compression is not coming any time soon, as volumes remain low and banks’ liquidity and hunger for assets show no signs of abating. Shruti Chaturvedi reports.

HSBC has appointed Arsalaan Ahmed to helm its Malaysian Islamic banking operations, the bank said in a statement.

JP Morgan is looking to sell its stake in its China joint venture with First Capital Securities, which began operations in 2011.

A five year loan for a subsidiary of Employees Provident Fund of Malaysia has entered syndication, three months after the leads were chosen.

Malaysia’s CIMB Group and China Galaxy Securities Co said they are in talks to form a 50:50 joint venture for their stockbroking operations.

A senior member of the equity capital markets desk in Malaysia’s RHB Bank has resigned, according to sources close to the move.