CIMB raises $1.09 billion from upsized placement

Malaysia’s CIMB Group has raised M$3.55 billion ($1.09 billion) from a follow-on share sale that was upsized in full and priced at a very tight discount. The deal is the bank’s first fundraising through the equity capital markets since it listed in 2003 and the largest equity deal in Asia ex-Japan so far this year.