Singapore

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

The Singapore Exchange (SGX) has created a bulletin on its website that for the first time will shed light on non-public regulatory action it has taken in response to breaches of the listing rules.

Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.

Tata Motors has allocated its $600m dual-tranche refinancing among a group of 36 banks. The company split the amount evenly between a five year and a seven year despite the longer tenor seeing a higher volume of commitments.

Standard Chartered has hired Didier von Daeniken as its global head of private banking and wealth management. He will join in March next year and will be based in Singapore.

Deutsche Bank has appointed Simon Roue to the new position of head of DCM for Asia Pacific.

Nomura's head of southeast Asia debt capital markets is understood to be leaving the firm at the end of this month.

In this round-up, RMB futures trading on international exchanges picked up in November, RMB clearing in Hong Kong picked up in the same month, ICBC is working on a Belt and Road financing venture, and Deutsche Bank helped a German corporate set up centralised RMB treasury functions in China. Plus, a recap of GlobalRMB’s top stories this week.

The Singapore Exchange is closing the year on a positive note thanks to BHG Retail Reit, which this week raised S$255.8m ($181m) from the country’s first and only mainboard IPO of the year.

Deutsche Bank’s head of Asia fixed income capital markets, Herman van den Wall Bake, has left the bank, sources close to the move confirmed.

The Singapore Exchange is closing the year with some hope thanks to BHG Retail Real Estate Investment Trust (Reit), which has raised S$255.8m ($181m) from the country’s first mainboard IPO of the year.

Merchant banks in Singapore will soon have to come to grips with more stringent capital requirements following the Monetary Authority of Singapore’s (MAS) decision to impose Basel III liquidity rules on them.