<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB), Hongkong and Shanghai Banking Corp Ltd (HSBC) and Bank of China Ltd (BoC) have completed the issuance of 1.5 billion yuan (RM800.22 million) of Tiger Emas Bond.</p></div>

<div class=newsTextDataWrapInner><p>The bond drew a strong order book of more than 4.6 billion yuan or an oversubscription rate of 3.1 times the final issuance size of 1.5 billion yuan.</p></div>

<div class=newsTextDataWrapInner><p>The bonds were priced at a re-offer yield of 3.7% per year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maybank IB, HSBC and BoC were the joint lead managers and joint bookrunners for this issuance.</p></div>

<div class=newsTextDataWrapInner><p>Tiger Emas Bond was issued through Cagamas’ newly established U$2.5 billion (RM8.2 billion) Conventional Multicurrency medium term note programme, which gives Cagamas the ability to issue bonds under a host of international currencies. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Tiger Emas Bond is the largest yuan bond by a Malaysian and Southeast Asian issuer to date.</p></div>

<div class=newsTextDataWrapInner><p>It is also the first non-ringgit denominated bond issuance to be settled using Bank Negara Malaysia’s real-time electronic transfer of funds and securities system, operated and managed by Malaysian Electronic Clearing Corp Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on September 30, 2014.</p></div>


KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB), Hongkong and Shanghai Banking Corp Ltd (HSBC) and Bank of China Ltd (BoC) have completed the issuance of 1.5 billion yuan (RM800.22 million) of Tiger Emas Bond.

The bond drew a strong order book of more than 4.6 billion yuan or an ...

Cagamas’ Tiger Emas Bond oversubscribed by 3.1 times

(April 25): Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

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MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

<p>Chin Hin Group Property Bhd on Wednesday announced that troubled developer YNH Property Bhd has appointed it to develop a 6.49-acre plot of land in Segambut, featuring a potential gross development value (GDV) of RM685.1 million.</p>


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<p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p>

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<p>Mah Sing Group Bhd's land acquisition for its third development in Setapak,&nbsp;Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.</p>


Mah Sing's land acquisition for M Azura has become unconditional

<p>KUALA LUMPUR (April 24): Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.</p>


Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

<p>Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.</p>


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<p>Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.</p>


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Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

<p>(April 25): A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>

<p>Shares of Facebook’s parent were down as much as 19% in after-hours trading and...

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<p>The Ministry of Investment, Trade and Industry (Miti) will finalise a comprehensive strategic plan for the semiconductor industry to ensure Malaysia remains competitive in the sector.</p>


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<p>Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.</p>


Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash

<p>GXBank, Malaysia’s first digital bank, said it plans to establish a regional centre of excellence (COE) for shared services in Malaysia, serving Grab-led digital banks and financial and operational services in the region.</p>


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<p>The prosecution succeeded in its appeal at the Federal Court on Wednesday to forfeit RM1,112,700 from 79 investors involved in an illegal deposit-taking scheme.</p>
