Singapore

Credit Suisse has shaken up its top ranks in Asia Pacific, with changes to its equity capital markets, investment banking and private banking units.

A $1.5bn refinancing for Tata Steel has finally been opened into syndication, with invitations going out to a limited number of banks on Thursday. The company’s Singaporean subsidiary is raising the loan, which offers lenders an added incentive if they book the deal in the country.

BNP Paribas has added a new member to its capital raising and financing group in Singapore, poaching Mrinal Parekh from Deutsche Bank.

L Capital Asia, one of the private equity arms of French luxury company LVMH, is seeking a $130m five year debut loan that has launched into syndication.

BoC Aviation has wrapped up its latest borrowing at a bigger size of $500m as banks from across Asia poured into the transaction.

Credit Suisse has shaken up its top ranks in Asia Pacific, with changes made to its equity capital markets and southeast Asia investment banking units.

Around this time last year, I reviewed the dismal performance of the Hong Kong primary markets, and ventured a guess that investors could instead turn en masse to ECM transactions in Malaysia, Singapore, Thailand, Indonesia - and even the Philippines. How wrong I was!

Morgan Stanley has made a series of high level changes to its business with Eric Ma taking the helm as vice-chairman for southeast Asia, according to an internal memo seen by GlobalCapital Asia.

The Singapore dollar market is welcomed another new participant this week as French lender BNP Paribas launched its a debut tier two trade at an attractive level

United Overseas Bank in Singapore came one step closer to issuing the country’s second covered bond when it published an offering circular on Monday.

OCBC has hired David Cheng from Deutsche Bank to be head of corporate finance. He will run the Singapore bank’s equity capital markets, M&A and equity syndication teams.

Bank of Qingdao priced its HK$4.7bn ($606.5m) IPO at the bottom of guidance on November 25, leaning on a heavy cornerstone tranche and investors from Hong Kong and China to get over the finish line.