Singapore

MUFG Bank has picked Satinder Pal Singh Ahluwalia as managing director of the global commercial banking planning division, a newly created position.

Citi has named Hsiu-Yi Lin as the new head of commercial bank for Asean.

Credit Suisse north Asia loan syndicate head exits — DBS loses loans banker — Maybank IB nabs ECM banker — SGX rejigs structure — CICC gets new chairman

Standard Chartered raised S$750m ($554m) from a Basel III-compliant additional tier one deal on Tuesday, boosting its capital ratio after a consolidation of its operations in Singapore this year. The bank’s strong Asia links helped it achieve better funding arbitrage compared to some of its European peers.

Syndicated loans banker Marilyn Fung has left DBS after more than eight years with the Singaporean lender, according to a source close to the situation.

SC Health Corp has begun the process of listing on the New York Stock Exchange, filing an application with the US Securities and Exchange Commission.

Cromwell European Real Estate Investment Trust has raised €150m from a share placement that was oversubscribed, allowing the issuer to exercise an increase option.

Singapore-listed Cromwell European Real Estate Investment Trust (Reit) is planning to raise up to €102.17m ($115.3m) through an equity placement to fund the purchase of six properties in France and Poland.

ESR-Reit, a real estate investment trust, has raised S$150m ($109.4m) from a combined placement and preferential offering of new units.

Singapore’s Marina Bay Sands is seeking a total of S$4bn ($2.9bn) from the loan market, while also planning to extend its 2012 borrowing.

Packing company Dynapack Asia is tapping the loan market for the first time, seeking a S$250m ($182m) borrowing.

Temasek Holdings and its wholly-owned Azalea Asset Management this week brought out Astrea V, the latest collateralised fund obligation (CFO) backed by cash flow generated from private equity funds, finding an even better response than their last outing.