Singapore

China Construction Bank’s Singapore branch joined the offshore renminbi bond issuance party on Monday with a Rmb1bn ($142m) two year deal.

One of the more fascinating transactions to reach the Schuldschein market in the past few months is from the European arm of Singapore-listed real estate investment trust (Reit) Cromwell. The transaction’s closing date was postponed by more than a month, as many away from the deal claimed the deal was struggling to find traction. But bankers close to the situation were quick to assure that it was still on track and investors just needed more time to analyse the credit.

Investors put in nearly S$3.5bn ($2.6bn) of orders for Mapletree Logistics Trust’s S$250m placement, helping the Singapore-listed company price its transaction near the top of guidance.

Mapletree Logistics Trust is issuing a block of new shares to raise around S$250m ($183.6m) from investors.

DBS has hired Lance Soh as a senior vice-president in its syndicated finance team.

Agriculture company Olam International has closed its $1.525bn club deal with 19 lenders.

Mapletree Commercial Trust has raised S$458m ($335m) from a placement of new units, pricing the issue at the top of guidance after a strong turnout from new and existing investors.

Commodities company Trafigura has closed its annual dual-tranche borrowing, increasing the deal from $1bn-equivalent to around $1.5bn.

Fullerton India Credit Co raised S$150m ($108.6m) in the Singapore market, straying from its usual fundraising efforts in the rupee market.

ING has appointed a new branch manager of Singapore, replacing Catherine Low who has taken on a different position at the bank.

Singapore-listed Mapletree Commercial Trust is planning to raise S$874.8m ($632.9m) from the sale of new equity to part-fund a local acquisition.

Singapore’s credentials as Asia’s hub for real estate investment trusts were underlined this week, as an ideal market backdrop triggered a burst of Reit activity. With Lendlease Reit scooping up S$740.3m ($536.5m) from its hugely popular IPO, and more deals on the way, the Lion City offers big opportunities, writes Jonathan Breen.