Singapore

Singapore’s CapitaLand has become the first company to raise a loan benchmarked against the Singapore overnight average rate (Sora), as the market prepares for a transition away from Libor and the country’s equivalent, the Singapore dollar swap offer rate (Sor).

JP Morgan has picked two of its own staff to fill newly-created posts as co-heads of investment banking across the Asean region.

OCBC Group plans to hire more than 3,000 people in Singapore this year.

Sembcorp Marine is looking to tap shareholders for S$2.1bn ($1.5bn) from a rights issue to help repay debt held by a subsidiary.

Singapore Telecommunications (Singtel) raised $750m on Wednesday from its annual bond outing.

More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.

Singapore’s real estate group CapitaLand has bagged its fifth sustainability-linked loan, after sealing two green deals just last month.

Taiwan’s Chailease International Finance Corp is returning to the loan market through its Singapore entity for a $100m deal.

BOC Aviation leveraged on its ties to its Chinese state-owned parent and its own standalone credentials to raise $750m on Tuesday. It proved that it has access to bond market liquidity at a time when companies focused on aircraft leasing have been hit by the Covid-19 pandemic.

Two Singaporean companies, GuocoLand and Manulife US Real Estate Investment Trust, raised green loans this week.

New York Stock Exchange-listed online gaming company Sea tapped equity-linked bond investors for $1bn this week, following a surge in its share price after it reported strong first quarter earnings.

Singapore-based online gaming company Sea has launched a $1bn convertible bond, following a surge in its share price after reporting strong first quarter earnings.