DBS

Two Hong Kong issuers hit the dollar debt market on Monday, with CSI Properties launching a new five year bond, while Hong Kong Airlines re-opened its existing notes, driven by reverse enquiry.

Adani Transmission’s maiden $500m bond saw overwhelming demand of more than $5bn on Thursday as the issuer left plenty of money on the table for investors — which was reflected in secondary with the notes tightening 20bp.

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.

The Indian debt capital markets came alive on Thursday with two issuers out the gates as Export-Import Bank of India and Adani Transmission launched their respective 10 year dollar bonds.

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.

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.

China’s Fenghui Leasing Co obtained a first-time rating on Tuesday ahead of its offshore debut in dollars while India’s Adani Transmission has ditched a potential Masala bond in favour of just selling dollars.

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.

DBS is establishing a securities business in Japan to help investors grappling with the low interest environment in the country earn better returns in the rest of Asia.