Singapore

The New Development Bank Brics (NDB) has appointed four Chinese banks and two internationals banks to work on a renminbi-denominated green bond to be sold to Chinese onshore buyers.

Manulife Financial is set to kick off bookbuilding for its Singapore-bound $500m real estate investment trust (Reit) IPO next week, if feedback from investor education is positive.

Veteran banker Ali Abbas Alam, co-head of the emerging markets financing group for Asia at Credit Suisse, is due to leave the lender after a 16 year spell.

Indonesian television broadcaster MNC Sky Vision has launched the senior syndication phase of its $275m two tranche borrowing.

DBS Group Holdings has completed its inaugural foray into Hong Kong’s bank capital market, selling a Basel III tier two trade last week. The move is part of the Singaporean lender's strategy to diversify its bank capital funding sources.

The European Covered Bond Council (ECBC) has appointed DBS's Colin Chen as the chairman of a new global working group for 2016-2019.

Manulife US Real Estate Investment Trust (Reit) has tentative plans to start pre-marketing its Singapore listing from next week, according to sources close to the deal.

In this round-up, trade settlement picked up in March, Asian exchanges saw declining USDCNY futures volumes, Nigeria will include the RMB in its FX reserves, a survey found the RMB is likely to replace the Hong Kong dollar as most popular currency in HK, and a new cross-border scheme was established between Singapore and China. Plus, a recap of GlobalRMB's top stories this week.

A $315m five year loan for Stats ChipPac has been signed after being in syndication for six months. Eight banks eventually formed the lending group.

Allocations have been revealed for a $274m triple-tranche loan for Indian pharmaceutical firm Strides Arcolab's acquisition in Australia.

Singapore-based wastewater treatment company Hyflux has cut the size of its loan to $224m after failing to muster enough demand.

Credit Suisse has named former Macquarie banker Cheun Hon Ho as its new southeast Asia ECM head.