Singapore

Singapore dollar issuance has been moving at a snail’s pace over the past few months as nervous investors opt to keep their hands in their pockets. But a generous slew of upcoming redemptions may change that.

The onshore arm of DBS bagged Rmb3bn ($448.3m) from the Chinese bond market on Tuesday, marking its first trade since 2015 that carries a tenor of more than one year. The transaction was also the second bond from a Singaporean lender in the mainland this year.

HSBC has hired Seok Kheng Yap, a former loans banker at Scotiabank, as an associate director in the loan syndications team.

Clifford Capital is seeking $458m this week from its debut project finance collateralized loan obligation cash flow securitization, to be issued through a newly established special purpose company Bayfront Infrastructure Capital.

Singapore Exchange (SGX) on Tuesday announced that it would allow market participants to centrally clear bespoke FX futures with a new service. The exchange is aiming for an August 27 launch date.

Indian business process outsourcing company Aegis has closed a $150m leveraged buyout loan after a seven-month syndication process that attracted only three participants.

Standard Chartered has named Patrick Lee as chief executive officer for Singapore.

Udhay Furtado has left Goldman Sachs after 12 years with the US bulge bracket firm to take up a new role at Citi.

Hangzhou Steam Turbine & Power Group is seeking a new $100m offshore borrowing.

Commodities trader Trafigura has sent out invitations to relationship banks for its annual refinancing exercise.

The Singapore Exchange (SGX) has approved listings with dual-class share structures, a few months after a similar move by rival Hong Kong.

Singaporean commodities company Vitol Asia has attracted 19 participants to its one year revolving credit facility.