Maybank

Al-Salām Reit has begun sounding out its MR252.36m ($64.69m) IPO in Malaysia to investors, with the company’s Shariah-compliant status expected to give it some buffer against the current macro and political uncertainties plaguing Malaysian stocks.

Malaysia’s Johor Corp (JCorp) has fixed the pricing of its Al-Salam Reit IPO at MR1 ($0.25) per unit, with bookbuilding scheduled to begin at the start of September.

Filipino property firm DM Wenceslao and Associates Inc has filed for a listing to raise $200m, in a deal led by BPI Capital, Citic CLSA Securities, Deutsche Bank and Maybank. The float is expected to go live in the fourth quarter of this year, say bankers.