Singapore

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.

Singaporean bank DBS Group came to the market with a tier two bond on Wednesday, opting for euros as it looked to open up new sources of debt capital.

The Singapore Exchange (SGX) has appointed Mark Leahy as head of fixed income, responsible for executing the bourse’s strategy for its bond trading business, including encouraging institutional participation.

Malaysia's Qualitas Medical is marketing its S$100m ($77m) IPO in Singapore at a deep discount to other healthcare names, picking the city-state as the listing venue to highlight its regional ambitions.

The Singapore Exchange is at the final consultation stage for dual-class share listings, seeking feedback on safeguards against entrenchment risks, according to a document released on Wednesday.

The Asian green loan market is finally starting to take shape, with a handful of borrowers approaching banks for fundraising. It’s still early days but there are huge opportunities for growth. Rashmi Kumar reports.

Singaporean agricultural company Olam International has raised a three year sustainability-linked $500m revolving club loan, the first of its kind in Asia.

Qualitas Medical Group is preparing to launch an IPO of around S$150m ($114.4m) on the Singapore Exchange, said a banker on the deal.

Commodities trader Noble Group decided not to repay a $379m bond that matured this week, triggering an event of default. But the latest development got little reaction from the market, as the company has long been in the process of restructuring almost $3.4bn of debt.

Westpac Banking Corp has appointed Michael Correa as general manager for Asia Pacific.

Lotte Shopping raised W303.6bn ($285.4m) from a five year put three exchangeable bond on Wednesday, which some bankers thought was priced at overly generous terms.