Capital markets news | Thu 25 Jul 2024
Debt
- WM Senibong Capital’s RM1b sukuk assigned AA- rating MARC
- UiTM Solar Power Dua’s sukuk AA- rating affirmed MARC
- TNB Power Generation’s sustainability sukuk framework assigned Gold MARC
- RM103m in soft loans approved to help companies automate, modernise Edge
- IOIProp may list its properties under REIT Star
- Blackstone bets on growth in private credit business outside US Edge
- US high-grade bond sales post biggest Jul in 6 years Edge
- Thames Water debt cut to junk by Moody’s, scrambles to avoid fines Edge
- CEO of France’s Atos departs, deal with creditors moves ahead Star
- Cameroon joins Africa bond sale spree with USD550m issuance Star
Mergers and acquisitions
- AME Elite sells 4 Johor industrial properties to AME REIT Edge NST Star
- UEM Sunrise’s South Africa divestment falls through again Edge
- CapitaLand eyes more industrial, logistic assets in Johor Edge
- Robert Bosch buys Johnson Controls assets in USD8b deal Star
- Bunge’s USD8.2b buyout of Viterra set to get nod from EU Edge
Projects and business
- Petronas signs land lease agreement with Kuantan Port for CCS Edge NST Star
- Bumi Armada JV inks MOU for carbon storage in the UK Edge
- Sabah’s SMJ Energy sells 5th crude oil cargo for RM120m Edge
- MN Holdings bags RM136m data centre contract Edge NST Star
- Petros calls for bids for 3 carbon storage sites in Sarawak NST
- BBC to axe 500 more jobs to save GBP200m Mail
Economy and market news
- Gross fixed capital formation was RM314.5b in 2023 Edge Star
- Overview of data centre boom in Malaysia Edge
- Malaysia to benefit from data centre demand spillover Edge Star
- Malaysia’s semiconductor exports to hit RM1.2t by 2030 Edge Star
- Malaysia’s fintech market value to reach USD100b in next 5 years Edge
- Corporate sector urged to back Kuamut carbon credit auction Edge
- RM5b financial support needed for NIMP 2030 smart manufacturing Edge NST
- Malaysia’s inflation remains 2% in Jun Star
- Indonesia plans widespread use of palm oil-based B40 biodiesel Star
- Thailand unveils THB450b handout scheme Mail
- Vietnam ports gain from congestion in trade routes Star
- New Chinese-made drugs big hit overseas Star
- Kishida calls for more money to develop Japan’s chip sector Edge
- America Inc’s profits hit by effects of strong US dollar Star
- German gas grid operators request for hydrogen permit Star
Legal and policies
- Increase in remediations for public interest entity audit engagements Edge Star
- Only 74% of oil palm smallholders achieve MSPO certification Mail
- Indonesian minister pushes for Singapore-like arbitration rules Star
- China targets financial sector with party-led anti-graft committee Edge
- Australian regulator steps up private market focus Edge Star
- ANZ trading probe may run into next year Star
- FTC’s study on surveillance pricing covers Mastercard, JPMorgan Edge
