Market mutterings fail to deter Malaysian bond

Roadshows for a debut euro-denominated bond offering by the Federation of Malaysia have begun, with opinion sharply divided on the merits of the transaction.

The BBBBaa2-rated sovereign's Eu500 million $428 million deal has been roundly panned by just about every DCM professional in Asia, with the obvious exception of its two lead managers Barclays and Deutsche. London syndicate hands, by contrast, report strong demand for the five-year deal, which is said to appeal to European bank buyers and smaller institutional accounts that hold euro rather than dollar paper.

Even in Malaysia itself, there has been a sharp division of opinion between Bank...

To continue reading, please login or register for free

Click for more on: market | mutterings | fail | deter | malaysian | bond

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...