Asean

Singapore’s Ascendas Real Estate Investment Trust has launched an accelerated bookbuild of new units worth up to S$155m ($114m) to fund acquisitions in Australia and for its local projects.

Joseph Chee will head UBS’s Asia investment banking unit after co-head Saurabh Beniwal leaves at the end of the year, according to sources close to the move.

Mapletree Commercial Trust raised the roof with its S$1.04bn ($766.01m) overnight block-plus-rights combo this week, in a deal that earned praise from bankers on and away from the transaction. The placement tranche now ranks as the largest by a Singapore real estate investment trust, and could pave the way for more Reit-related fundraisings. John Loh reports.

Singapore’s DBS Bank has made headlines for a series of high profile changes this week, including its decision to establish a securities business in Japan.

Mapletree Commercial Trust priced an overnight block-plus-rights combo on Tuesday to raise S$1.04bn ($766.01m), in a deal that earned praise from bankers on and away for its slick execution.

Veteran DBS banker Boey Yin Chong is moving to a new position at the Singaporean lender after a 15-year spell helming the syndicated finance team.

The Stock Exchange of Thailand (SET) is expecting IPO issuance to stay robust in the second half of the year, capping a solid 2016 amid an increasing backlog of firms filing for first time share sales.

DBS Private Bank has hired Joseph Poon as its regional head of southeast Asia, poaching him from UBS.

Mapletree Commercial Trust has opened books on a S$1.02bn ($751.3m) dual tranche equity fundraising that is being conducted via an overnight share sale and preferential offering.

Pilipinas Shell Petroleum Corp, the local arm of oil giant Royal Dutch Shell in the Philippines, filed for an IPO on Monday to raise up to Ps29.7bn ($632.1m), according to bankers.

Agricultural trading and processing company Cofco Agri is understood to have sent out a request for proposals for a dual-tranche facility to refinance debt.

Singapore’s Noble Group has sown up its S$719m ($522m) rights offering with a 173.7% oversubscription, according to a stock exchange filing on Monday.