Asean

The Singapore Exchange (SGX) has put in a non-binding bid to acquire London-based Baltic Exchange, the global hub for trading and settlement of physical and derivative shipping contracts.

TCC Group has invited banks to pitch for a $3.5bn financing to support its acquisition of a stake in retailer Big C Supercenter. Bankers are welcoming the deal as it provides an opportunity to book Thai assets following a lull in foreign currency loan activity from the country. Shruti Chaturvedi reports.

The Asian debt capital market did not have an easy 2015 with numerous macro and political headwinds causing a fall in new issuance. While jittery conditions are here to stay, Clifford Lee, head of fixed income for DBS, told GlobalCapital Asia that his business is well positioned to combat the volatility.

CLIQ Energy is set to be the first Malaysian special purpose acquisition company (Spac) to be liquidated after the regulator rejected its request for more time to make a qualifying acquisition.

When I was a banker dazzling clients with my handsome good looks, I was never one to read too much into a bank’s financial results.

Export-Import Bank of Korea demonstrated its sophistication in the bond market on Wednesday with what market participants believe is the first single tranche dollar bond to be listed in both Singapore and Taiwan. Kexim’s success is set to encourage more high quality foreign issuers to follow in its footsteps.

Deutsche Bank has made a series of senior changes to its debt and loan teams in Asia, which will see Haitham Ghattas, the new head of debt origination for Asia, take charge of four origination units.

One of Vietnam’s largest property developers Vingroup raised VN$3tr ($135.5m) from a dual-tranche offering on February 18 in what was only the second transaction in the country to be backed by the Credit Guarantee Investment Facility.

The Singapore government’s investment arm Temasek Holdings ventured into the euro-denominated bond market for the first time this week with a dual tranche offering driven by reverse enquiry.

Khazanah Nasional made its inaugural appearance in the dollar sukuk market this week with a $750m transaction. But the landmark trade courted plenty of controversy around its execution and the notes’ subsequent secondary performance.

Tim Leissner, the chairman of Goldman Sachs’ southeast Asia operations, is understood to have left the bank.

Australia and New Zealand Bank has appointed David Green as the new chief executive officer for Singapore, replacing Vishnu Shahaney, who is taking up a new role at the bank.