Malaysia

Dollar bonds in Asia followed the US markets’ end to last week by trading lower. Nonetheless, the continent’s investment grade issuers are looking to print with many high yield issuers still emerging from earnings blackouts.

Global alternative investment firm Castlelake is tapping the offshore loan market for $685.1m to support its purchase of aircraft from Malaysia’s AirAsia.

Malaysia has closed the biggest sovereign Samurai bond in 18 years, raising ¥200bn ($1.79bn) from what could be just the first of many such deals to come.

Mubadala Investment, an Abu Dhabi sovereign wealth fund, has raised MR1.04bn ($254.4m) after selling a number of its shares in RHB Bank, according to a source close to the deal.

Malaysia-based firm Top Glove Labuan tapped the equity-linked market for the first time on Wednesday, raising $200m after printing a five year non-call three exchangeable bond.

Malaysia’s RHB Bank ended its dollar bond market hiatus on Tuesday, offering a $300m bond that got big demand despite its ultra-tight pricing.

Malaysian property developer Eastern & Oriental (E&O) is looking to raise as much as MR550m ($134.8m) from a rights issue and a private placement that will partially fund its latest project.

Goldman Sachs has held off from rewarding some retired executives compensation until “more information is available” on the 1Malaysia Development Berhad scandal.

MUFG has appointed three veteran bankers to senior positions in its Malaysian subsidiary.

Malaysia’s equity capital market is set for a dramatic rebound after an exceptionally quiet 2018. It promises to offer those investors that have been underweight on the country for a long time plenty of attractive opportunities to put their money to work, writes Christie Ou.

Malaysian poultry producer Leong Hup International has started early stage engagement with the buy-side and is looking for cornerstone investors for its IPO, according to a source close to the deal.

Mr DIY Group, Malaysia’s largest home improvement retailer, is planning for an IPO of around $500m this year, according to ECM bankers involved in the discussions.