Singapore

MUFG Bank has appointed Janice Chua as managing director and head of the Asian operations division, according to a Monday press release.

Singapore’s United Overseas Bank made its first foray into the US market on Monday, raising $1.2bn from a two-tranche transaction, receiving strong support from US accounts.

Commodities trader Gunvor Singapore is back for its annual refinancing, attracting commitments from 13 banks even before the $800m loan was launched into general syndication.

Industrial and Commercial Bank of China’s Singapore branch aims to underwrite IPOs of Chinese companies in the city-state after receiving accreditation as an issue manager from the Singapore Exchange.

Summit Power International has opened books for the first IPO of a Bangladeshi firm in Singapore, hoping to raise $260m.

HSBC has created a new head of Belt and Road Initiative (BRI) position for Asia Pacific, naming Mukhtar Hussain to the job.

Covered bonds issued by Swedish Covered Bond Corp and Overseas Chinese Banking Corp on Wednesday were thinly oversubscribed though investor preference was clearly slanted towards the most defensive five year Swedish offering.

Logan Property Holdings Company sold its first Singapore-dollar denominated bond on Tuesday to support its growing presence in the country, raising a larger-than-expected S$200m ($152.6m). The deal is the first in the currency from a Chinese real estate name in almost four years.

A group of 23 banks opened syndication for Tata Steel’s $1.86bn dual-currency facility on Monday, but only after the deal went through numerous changes on its way to the market.

Mapletree Greater China Commercial Trust (MGCCT) has hired banks to manage a S$323.1m ($246m) equity raise that will be used to buy some Japanese assets.

Qualitas Medical is likely to price its S$100m ($77m) IPO in Singapore at the low end of guidance after bookbuilding was extended by two days.

Beijing and Washington raised the stakes in a trade stand-off with new tariffs, the chief executive of Hong Kong’s stock exchange remains upbeat despite the launch of Chinese depository receipts (CDRs) and Bank of China’s cross-border RMB index ends 2017 on the up.