Malaysia

Export-Import Bank of Korea (Kexim) executed yet another blockbuster $2.5bn trade on Thursday just a few months after printing a deal of the same size. Korea's first four-tranche trade drew a strong response from the market, allowing the policy bank to price inside its existing curve.

Malaysia’s Tenaga Nasional sold its first dollar sukuk on Wednesday, attracting $2bn of bids as investors shrugged off concerns around the country. While participants said that that the sukuk market has always been open for borrowers, they are hoping that the power company’s deal will fuel more issuance. Addison Gong reports.

A diverse group of issuers forged ahead with their respective fundraisings on Thursday, seeking everything from dollars to Singapore dollars and green debt.

Malaysia’s Tenaga Nasional, which set up a $2.5bn multi-currency sukuk programme at the start of the month, has kicked off its first dollar outing in about 15 years.

Singapore-listed Frasers Hospitality Real Estate Investment Trust has raised S$266m ($192.6m) from an oversubscribed rights issue.

Export-Import Bank of Malaysia, which has doubled the size of its multi-currency medium term note programme to $3bn, is preparing to hit the road for a dollar deal.

Malaysian conglomerate Sime Darby was inundated with orders for its MR2.4bn ($571.1m) overnight share sale this week, making the tightly executed block southeast Asia’s largest follow-on in a year.

Malaysia’s Sime Darby is out with an accelerated bookbuild to raise as much as MR2.4bn ($571.1m) via Maybank as sole bookrunner.

Thailand-based Kasikornbank’s Hong Kong branch and Malaysia’s RHB Bank navigated a crowded Asia bond market to bag a combined $900m.

A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.

Mitsui & Co subsidiary MBK Healthcare has pocketed MR1.0bn ($249.7m) after offloading a chunk of its shares in IHH Healthcare, with the leads having to walk investors up from the bottom of the price range.

MBK Healthcare, owned by Mitsui & Co, is looking to raise up to MR1.05bn ($253.6m) from a sale of shares in Malaysia's IHH Healthcare.