DBS
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DBS Bank attracted a strong order book for its $1.25bn three year covered bond, the largest ever issued by an Asian bank.
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Gunvor, the Swiss energy and commodities trading company, has signed a $1.68bn revolving credit facility, having increased it during syndication as lenders piled into the transaction.
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A flurry of Asian bond issuers have ventured out in a bid to wrap up deals ahead of the Thanksgiving holiday in the US on Thursday, even as markets remain on shaky ground.
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Indonesian motorcycle financing firm Federal International Finance (FIF) has doubled the size of its fundraising to $400m after finding support from a 22-strong syndicate group.
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Beijing Enterprises Group and Youyuan International Holdings hit the loan market this week for their latest syndicated fundraisings.
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Bank of China returned to the bond market with a multi-tranche, multi-currency bond this week, making clear that its funding needs and its role as a flag-bearer of Chinese policy overseas are inextricably linked. Morgan Davis reports.
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Beijing Enterprises Group is in the market for a HK$4.5bn ($575m) five year term loan launched through eight banks.
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DBS has made several senior staff moves ahead of the retirement of Jeanette Wong, group head of institutional banking (IBG), next March.
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High yield issuers’ struggle to push out deals in turbulent market conditions was reflected when Singapore’s Interplex Holdings was forced to cancel its inaugural dollar offering.
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Singapore’s Interplex Holdings pulled its planned debut dollar bond sale on Friday.
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DBS Bank is planning a roadshow ahead of its first dollar covered bond in over three years, and the first from a Singaporean bank since February 2017. The expected deal follows two large Canadian benchmarks and shows that dollar covered bond funding is becoming more compelling than euros.
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New York-listed aircraft leasing company Aircastle, owned by Japan's Marubeni Corp, has returned to the loan market for a $250m revolving credit facility.