Singapore

Standard Chartered has replaced Carsten Stoehr, the bank’s former global head of financial market sales, who resigned from the firm last week.

Citic Envirotech has set up a subordinated securities issuance programme in multiple currencies, while Sun Hung Kai Properties (SHKP) is eyeing an offshore bond return.

Julius Baer became the first foreign bank to issue a Singapore dollar-denominated additional tier one (AT1) this week. By doing so, the Swiss lender has joined a growing number of banks that are satisfying their capital needs through the country’s bond market, writes Rev Hui.

Beijing Hualian Group has received positive but cautious market feedback for the listing of its real estate investment trust in Singapore, which could raise around S$300m ($211m).

Singapore's Miclyn Express Offshore (MEO) has successfully replaced its outstanding local currency bond with a new dollar offering, making its inaugural foray into the offshore debt market.

ARA Asset Management is looking to raise around S$152m ($107m) from an 18-for-100 rights issue, as the firm looks for more flexibility to meet its funding needs.

The Singapore dollar bond market is welcoming a new participant this week with Swiss lender Julius Baer going live on November 11 with an additional tier one trade – the first time a foreign bank is issuing an AT1 in the Lion City.

Beijing Properties and Miclyn Express Offshore (MEO) are making their inaugural foray into the offshore bond market with dollar-denominated offerings.

Singapore-listed property developer Oxley Holdings has closed its S$110m ($80m) bullet loan with three lenders joining the syndicate.

Singapore has received a new batch of initiatives to strengthen cross-border renminbi flows and capital market connectivity with China which will support greater use of the RMB outside the Mainland, says the Monetary Authority of Singapore (MAS) in a press release.

Seafood restaurant chain Jumbo Group made its debut on Singapore’s Catalist exchange on Monday, November 9, after finding strong support from investors for its S$40m ($28m) listing.

A $500m five year loan for Stats ChipPac, which launched in mid September, has received commitments from three banks, according to sources familiar with the deal.