Singapore

Eagle Hospitality Trust extended bookbuilding for its Singapore IPO twice because of market jitters following US president Donald Trump’s tweet this week about Chinese trade tariffs, according to a source close to the deal.

Eagle Hospitality Trust has cut the floor of the initial price guidance for its Singapore IPO, hiking up the yield for investors while delaying the end of its roadshow, according to a source close to the deal.

In this round-up, the trade negotiation between China and the US finished its tenth round, China PMI fell in April after previously rebounding and the chairman of the banking and insurance regulator promised more reform.

Manulife US Real Estate Investment Trust (Reit) has concluded its placement of new units on the Singapore Exchange.

In this round up, the Belt and Road Summit 2019 wrapped up on Saturday with numerous deals, monthly industrial profit increased sharply in March and China reported a small capital outflow.

US-property backed Eagle Hospitality Trust has begun bookbuilding for its Singapore listing, looking to float for a market capitalisation of up to S$957.4m ($703m).

ARA Group has begun bookbuilding for its ARA US Hospitality Trust (ARA US) listing on the Singapore Stock Exchange. The deal represents the spin-off of US-based Hyatt branded hotels.

Crédit Agricole turned to the Singapore dollar market on Wednesday to sell its latest subordinated transaction, marking the French bank’s first bond sale in the currency.

Suntec Real Estate Investment Trust (Reit) on Tuesday priced a placement of new units, increasing the size of the deal to raise S$200m ($147m).

Suntec Real Estate Investment Trust (Reit) is looking to raise S$150m ($110.4m) from a placement of new units, according to a term sheet seen by GlobalCapital Asia.

Eagle Hospitality Trust is preparing to launch the roadshow for its up to $600m Singapore IPO on Friday, according to a source familiar with the matter.

Nai Yu Goh, a former loans banker at ANZ, has joined Barclays' loan syndicate desk, according to a source familiar with the matter.