Maybank
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Malaysia’s WCT Holdings is aiming to list its construction arm in a MR600m ($148.78m) IPO by the second quarter of next year. -
Maybank has more than doubled its latest loan to $850m after big ticket commitments poured in during syndication.
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Commodities trader Gunvor Singapore has increased the size of its latest loan to $1.041bn from the launch size of $750m, signing the deal on May 25, according to sources.
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Eco World International is close to sealing a deal to bring in GuocoLand Malaysia as both a cornerstone and strategic investor in its $500m Malaysia IPO, said bankers on the trade.
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Trans Corpora is poised to decide this week whether to open syndication on a $150m loan that Credit Suisse and Maybank have pre-funded, according to bankers close to the transaction.
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Indonesian state-owned oil company Pertamina has requested proposals from banks for a $1bn five year loan that includes a greenshoe option, according to bankers.
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Marlin Enterprise has opened syndication for a $425m five year loan to finance its acquisition of a gold mine in North Sumatra in Indonesia, said bankers working on the trade.
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TPI Polene Power is looking to list on the Stock Exchange of Thailand via leads CIMB, Maybank and Tisco Securities.
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Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.
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Seadrill has sold the remainder of its stake in SapuraKencana Petroleum via a MR774.72m ($198.35m) accelerated share sale, putting to bed a deal that failed to clear only three weeks ago.
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Maybank timed its first Basel III tier two outing in dollars well, netting $500m last Friday. Despite the turmoil surrounding the country, the Malaysian lender was encouraged by the strong performance of the sovereign’s sukuk to come out to the market in the same week.
