Asean

Singapore Telecommunications (Singtel) sold a subordinated perpetual bond in the Singapore dollar market this week, marking its return to the currency after more than a decade, as well as its first perp.

Singapore’s United Overseas Bank sold its debut sustainability bond on Wednesday, raising $1.5bn and notching a number of other firsts with its deal. Morgan Davis reports.

Singapore’s stock exchange has launched a consultation about proposed rules on special purpose acquisition companies.

The Republic of the Philippines sold its first zero-coupon bond in the Japanese market this week.

Philippine company SPi Global, an outsourcing services provider, is understood to be seeking a $300m to $400m loan, some of which will go towards funding a dividend recapitalisation.

Natixis makes senior changes to CIB, coverage teams — BofA rejigs Korea leadership

Vietnamese conglomerate Vingroup is waiting for the greenlight from its shareholders to sell its first international convertible bond.

Bank Negara Indonesia sold a rare Basel III-compliant tier two dollar bond on Tuesday, raising $500m.

Singapore-listed Manulife US Real Estate Investment Trust has raised a $250m five year sustainability-linked loan from two banks.

Vietnam’s Masan Group Corp, an investment holding company operating in the food and beverage and consumer retail industries, has increased its borrowing to $350m after receiving strong response from 23 banks during syndication.

Moody’s downgraded Indonesian textile manufacturer Sri Rejeki Isman (Sritex) by two notches on Monday, as the company faces rising refinancing pressure.

Natixis has hired Sanjeev Kumar as its new senior country manager for Singapore, as well as head of southeast and south Asia corporate and investment banking.