Singapore

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.

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.