Malaysian telco issues $500m Islamic bond for Myanmar towers investment

Malaysian telecoms giant Axiata Group on November 13 issued a US$500 million Wakala Sukuk, or Islamic bond, to fund its investment into a Myanmar towers business. This is the largest-ever corporate bond issued with proceeds to be invested into a Myanmar towers business, demonstrating considerable investor confidence in the frontier market. Telecoms towers companies have […]

CIMB eyes banking licences in Vietnam, Myanmar

BANGKOK: Malaysia’s second largest bank CIMB Group is planning to obtain banking licences in Vietnam and Myanmar as part of its drive to expand in fast-growing Southeast Asian markets. CIMB is also keen to open a banking business in the Philippines and is studying regulations that allow foreign banks to take full control of local […]