Singapore

Veteran banker Ronny Chng, from United Overseas Bank has passed away, according to an Asia Pacific Loan Market Association announcement.

AAA Oils and Fats, the trading subsidiary of palm oil company Apical, has returned to the loan market with a $750m facility.

The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

BOC Aviation has sold a $750m bond through its US subsidiary, pricing its third dollar outing of the year at wider levels than some fair value estimates from analysts.

Citi is planning to hire around 2,300 people to support the expansion of its wealth management business in Asia Pacific, as the bank undertakes a restructuring that boosts focus on its four wealth centres.

Thai Beverage has postponed the multi-billion-dollar spin-off and listing of its brewery unit in Singapore, citing choppy markets and a surge in Covid-19 cases in Thailand.

Goldman Sachs has poached Srijith Nair from Barclays to lead its southeast Asia financial institutional group business.

DBS Bank is aiming to reduce its thermal coal exposure to zero by 2039, joining a group of global investors and banks that have made similar commitments to tackle climate change.

Singapore’s agribusiness company Wilmar International has returned to the loan market for a borrowing of up to $1bn.

Southeast Asian tech company Grab, which offers everything from ride hailing and food delivery services to digital wallet payments, is planning to go public on the Nasdaq by merging with Altimeter Group Corp, a special purpose acquisition company (Spac).

Riddhi Shah, head of Asia Pacific financing group (AFG) trading at Credit Suisse, has resigned after more than two decades with the Swiss bank.

MUFG Bank has named Colin Chen as head of ESG finance for Asia Pacific, a newly created position to support the development of the firm's green financing business in the region.