Capital markets news | Thu 8 Feb 2024

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Capital markets news | Thu 8 Feb 2024

Equity

  • AGX debuts on ACE Market at 17.14% premium Star NST Edge

  • Rexit’s new substantial shareholders make takeover offer Edge

  • Potential for BEA to offload Affin shares to Sarawak Star

  • WeWork co-founder wants to buy back company Mail

  • American Healthcare REIT raises USD672m at IPO’s low-end Edge

Debt

  • Fitch sees growth of Malaysian Islamic banks outpacing conventional banks Edge

  • UBS offering USD1b AT1 notes in fast start to funding plan Edge

  • NYCB considering CLOs for capital Edge

  • Couche-Tard gets EUR10b orders for bonds to refinance M&A debt Edge

Mergers and acquisitions

  • YTL REIT buys Ipoh’s Syeun Hotel for RM55m Star Edge

  • Australia’s Woodside calls off merger talks with US-based Santos Star Edge

Projects and business

  • Ranhill’s maiden 50MW LSS4 project begins commercial operation NST Edge

  • New Kuantan Port refinery enables FGV to offer premium products NST

  • ITMAX wins RM47m street light contract in KL Star Star Edge

  • U Mobile awards SGD500m contract to Singapore’s TeleChoice Edge

  • GM signs USD18.6b EV cathode supply deal with LG Chem Edge

Economy and market news

  • Malaysia’s 2023 manufacturing sales value hits RM1.8t Star Mail

  • Malaysia’s Dec industrial production down 0.1% Star

  • Services producer price index up 1% in 4Q2023 Star

  • Short-term interbank rates close steady on BNM operations Mail

  • China’s Jan new yuan loans probably rose with policy support Star

  • Credit card, auto loan delinquency rates rise in the US Star

  • Fitch downgrades Bolivia’s rating from B- to CCC Star

  • JPL to lay off hundreds given lack of funds Edge

  • Indonesia election triggers bond funds’ fears of wider deficit Edge

  • US Congress forecasts USD1.5t deficit for 2024 Edge

Legal and regulatory

  • Sabah to impose biomass export state sales tax Edge

  • China replaces head of securities regulator amid market turmoil Star Mail Edge

  • T+1 US stock trading has currency market scrambling Edge

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