Busy week for Malaysian debt issuers

Public Bank prices, Southern Bank launches and MISC postpones.

After months of inactivity, Malaysian debt issuers have returned to the forefront of the dollar markets, with the pricing of a debut issue by Public Bank yesterday Tuesday and impending launch of a debut issue by Southern Bank on Thursday.

However, the schedule for a $1 billion five and 10-year issue by Malaysia International Shipping Corp MISC is being revised. The Baa1BBB rated group was due to start roadshows in Singapore today with Barclays and Citigroup acting as lead managers. Presentations have now been postponed and no new timetable has yet been fixed.

In the meantime, Barclays and Citigroup have priced a $350 million tier 2...

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