Singapore

Australia and New Zealand Bank has appointed David Green as the new chief executive officer for Singapore, replacing Vishnu Shahaney, who is taking up a new role at the bank.

Export-Import Bank of Korea (Kexim) opened books on Wednesday for a single tranche dollar bond to be dual listed in Singapore and Taiwan. While the Korean issuer has taken this approach before in offshore renminbi, sources close to the latest deal say this is the first of its kind in dollars.

The Asian DCM market did not have an easy 2015 with numerous macro and political headwinds causing a fall in new issuance. While jittery conditions are here to stay, Clifford Lee, head of fixed income for DBS, told GlobalCapital Asia that his business is well positioned to combat the volatility.

Singapore’s DBS has released a solid set of financial results for 2015 with both total income and net profits hitting record levels. But while most of its fee-related businesses recorded strong growth, the lender’s investment banking unit saw its income drop by 25%.

Five banks have opened into senior syndication a $455.75m facility that will back Baring Private Equity Asia’s proposed acquisition of Singapore-based Interplex Holdings.

Singapore Exchange (SGX) is looking to make changes to rules governing futures trading on the exchange, as well as clearing derivatives and a number of other contract specifications.

Baring Private Equity Asia has lined up five banks to syndicate a $456m loan that backs its bid for Singapore-based Interplex Holdings.

Deutsche Bank and Australia and New Zealand Bank have lost senior members of their teams in Asia.

Singapore-based wastewater treatment company Hyflux has returned to the loan market for a $300m triple currency refinancing.

The covered bond market could see the second Singaporean deal soon, with United Overseas Bank (UOB) mandating leads for a series of European investor meetings that could result in its first deal.

Eddie Listorti, global co-head of fixed income, currencies and commodities at Australia and New Zealand Bank, has stepped down to set up his own commodities-focused fund, according to an internal memo obtained by GlobalCapital Asia.

Baring Private Equity Asia has tapped five banks to helm a $400m loan to back its bid for Singapore-based Interplex Holdings, with the deal to open into general syndication shortly.