Singapore

In this round-up, total social financing (TSF) rebounded in November, auto sales plummeted for the fifth consecutive month, and Standard Chartered’s renminbi globalisation index (RGI) fell for the first time in six months.

Goldman Sachs International conducted business with Lars Windhorst, the colourful German financier, despite warnings from its compliance department that he was a high risk counterparty.

Nicholas Chia has left OCBC to join CLSA as the Citic Securities-owned brokerage looks to build out its southeast Asia equity capital markets franchise.

Nomura hires for Greater China ECM, rejigs SG coverage – ANZ levfin banker relocates – Loh joins Scotiabank Apac syndications – RBI loosens hedging rules

Bank of China’s Singapore arm is marketing a loan for Ethoz Group, in what appears to be the first time the lender will lead an onshore syndicated financing in Singapore dollars.

Mercuria Energy Group bagged a bigger-than-expected $1.35bn from its latest annual revolver in Asia, after 36 banks joined the deal.

ANZ is relocating a senior leveraged and acquisition finance banker and former head of Asia loan syndications from Singapore to Sydney.

DBS Bank attracted a strong order book for its $1.25bn three year covered bond, the largest ever issued by an Asian bank.

UBS Group bagged S$700m ($509m) from a Basel III compliant additional tier one deal, adding to a growing list of European lenders that have turned to the Singapore dollar bond market to boost their capital.

A flurry of Asian bond issuers have ventured out in a bid to wrap up deals ahead of the Thanksgiving holiday in the US on Thursday, even as markets remain on shaky ground.

DBS has made several senior staff moves ahead of the retirement of Jeanette Wong, group head of institutional banking (IBG), next March.

High yield issuers’ struggle to push out deals in turbulent market conditions was reflected when Singapore’s Interplex Holdings was forced to cancel its inaugural dollar offering.