Singapore

Barclays names new HK chief — Lee leaves Goldman loans team — Chadha departs from Deutsche — DBS India finds new banking head — Huray for RHB IB

Robert Huray is set to replace Mike Chan as head of Malaysian group RHB’s investment bank, according to sources close to the matter.

A trio of issuers — China Huiyuan Juice Group, Hong Kong Airlines and Global Logistic Properties (GLP) — are preparing offerings in China’s Panda bond exchange market.

Frasers Centrepoint has priced its Singapore real estate investment trust IPO at the top of guidance, bagging S$903m ($666.5m) after investors came out in force at the top of the range.

In this round-up, China introduces a new calculation for bank’s reserve ratio, trading of RMB futures in Hong Kong drops, the Shenzhen Stock Exchange (SZSE) is ready for Hong Kong Connect, and Singapore’s central bank sees a slowdown in RMB internationalisation. Plus, a recap of GlobalRMB’s coverage this week.

Singapore's sovereign investment arm Temasek Holdings is making headlines in the capital markets once again, gauging investor demand for its $1.1bn Astrea III securitization. Not only is this one of the rare internationally marketed securitizations out of Asia, it is also one of the very few globally to be backed with cashflows generated by private equity funds.

Frasers Centrepoint has covered its potential S$903m ($663.3m) Singapore real estate investment trust IPO after the first day of bookbuilding, according to a source close to the deal.

Property developer Frasers Centrepoint has launched bookbuilding for the IPO of a Singapore real estate investment trust backed by its Australian properties, with the deal set to raise up to S$903m ($655.8m).

Commodities trader Noble Group has decided to raise about S$719m ($522m) through a rights issue as it seeks ways to pay off outstanding debt.

Efforts to deepen RMB liquidity in offshore markets have struggled so far, despite the currency’s growing popularity for trade and investment purposes. Yet, it is clear that the success of the currency on a global scale will rely on deepening liquidity and the financial infrastructure that supports it.

Kitty Leung, who worked in the loan syndication department at Rabobank in Hong Kong, has left the Dutch lender.

Nomura is setting up an office in Singapore to provide advisory services for funding infrastructure projects in Asia, focusing initially on southeast Asian countries.