China

Singapore Telecom (SingTel) raised S$600m ($429m) on Tuesday in its first domestic bond issue in more than nine years.

Courts, the Singaporean retailer, has secured up to S$100m ($71m) from a securitisation of its customer finance loans.

United Overseas Bank’s Malaysian subsidiary raised M$500m ($150.5m) of subordinated debt late last week, using its first issue in the market to boost its lower tier two capital.

ING’s Australian subsidiary raised A$475m ($438m) on Wednesday in what looks set to be one of the last new issues covered by Australia’s government guarantee programme.

International Finance Corp turned to Australian investors for its latest domestic markets funding exercise on Wednesday, raising A$1.1bn ($993m) from a five year Kangaroo bond.

China’s Hua Xia Bank raised Rmb4.4bn ($644m) of subordinated debt in China’s domestic bond market at the end of last week, highlighting the growing appeal of the country’s bank capital market as Bank of China lined up a deal worth almost Rmb25bn.