Singapore

Pakistan eyes life insurance IPO — SECP gives nod for unified stock exchange — BW Pacific sets sail for Oslo

Just four months after its inaugural covered bond, Singaporean lender DBS is once again looking to venture into the market, mandating four banks to run a series of investor meetings. But rather than targeting the same investor base, the issuer has set its sights on a sterling-denominated trade.

AerCap Holdings, one of the largest aircraft leasing companies in the world, has approached the Asian loan market for a $300m refinancing, having met lenders in Taipei in May.

Singapore-based BW Pacific has opened books for a listing on the Oslo Stock Exchange, as the tanker company looks to raise as much as Nkr2.4bn ($283m) from its IPO.

The head of capital solutions at Standard Chartered has left the firm as the bank’s restructuring efforts continue to take shape.

Singapore-based agricultural products supplier Olam International has raised a $1bn loan from a group of 19 lenders.

A three-party working group consisting of the Maritime and Port Authority of Singapore (MPA), Singapore Exchange (SGX) and Singapore Shipping Association (SSA) is seeking to turn the city-state into Asia’s hub for capital raising in the maritime sector.

Indonesia’s Trikomsel Oke looks set to miss a payment on its Singapore dollar bonds, the first such case in more than six years in the city-state. Although the move is expected to increase volatility in the short term, sources hope it will also shake up any complacency in the market, writes Narae Kim.

Seafood restaurant chain Jumbo Group has launched a S$22m ($15.75m) IPO on the Catalist exchange in Singapore, which if it succeeds will become the fourth biggest listing in the city state this year.

United Overseas Bank (UOB) recently hired Ben Chan Ho Fai as the head of RMB solutions, a new unit that the bank set up earlier year.

HSBC Global Asset Management has named Puneet Chaddha as chief executive officer of Singapore as well as head of southeast Asia.

Indonesia’s Trikomsel Oke announced this week that it won't be able to pay interest on two Singapore dollar bonds owing to financial difficulties. If it happens, it would be the first case of default in the Singapore bond market since the global financial crisis, and is expected to rock the city-state’s debt market.