CIMB defies timid market with $1 billion bonds

The Malaysian lender shrugged off the softer tone with a three-year floater and a five-year fixed rate bond.

CIMB defies timid market with $1 billion bonds

CIMB Bank, Malaysia's second-biggest lender by assets, returned to the international bond market on Wednesday, selling a $500 million three-year floating-rate note and a $500 million five-year fixed-rate bond.

The Reg-S deal was launched on the heels of a slight sell-off in the region's bond market, as energy companies dragged down prices on the back of rising US crude oil inventories and expectations among investors that the US Federal Reserve will raise interest rates next...

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