Singapore

Singapore’s United Overseas Bank has bagged the lowest yield globally for a Basel-III compliant tier two dollar bond, breaking the record set by its peer Oversea-Chinese Banking Corp just last week.

BOC Aviation paid investors a small premium on Tuesday to seal a $750m decade bond.

Singapore-based special purpose acquisition company (Spac) Aspirational Consumer Lifestyle Corp is looking to raise $225m from a listing on the New York Stock Exchange.

Singaporean commodities company Mercuria has returned to the offshore loan market for its annual foray.

Singapore-listed Frasers Centrepoint Trust is looking to raise S$1.39bn ($1.02bn) by selling new units equal to over half its existing stock.

Carl Roberts, head of loan syndication for south and southeast Asia at ANZ, is retiring after nine years with the Australian bank.

Singapore’s property investment company CapitaLand has raised a S$200m ($146m) equivalent bilateral loan linked to both Sora and Sofr, the first of its kind in the country.

Singapore’s Oversea-Chinese Banking Corp (OCBC) raised $1bn from a tier two subordinated note on Wednesday that was priced at a new low.

Singapore’s DBS has become the latest foreign bank to receive approval for a majority-owned securities joint venture (JV) in China, as the country continues to open up its financial markets.

Singapore has been a front-runner when it comes to moving away from Libor to a new benchmark, with its regulators, borrowers and banks playing an active role in preparing the market. The rest of Asia’s loan market should pay attention.

Credit Suisse has appointed Allan Chu as its new head of technology, media and telecom (TMT) for Asia Pacific, succeeding Alain Lam, who has moved to Chinese technology company Xiaomi Corp.

Singapore’s agribusiness company Wilmar International has raised a S$200m ($146m) bilateral loan from DBS using the country’s new interest rate benchmark.