Singapore

Chinese regulators have given their blessing to Global Logistics Properties (GLP) returning to the Panda market. The company is putting a Belt and Road spin to the issuance programme, even though proceeds are going towards a recent acquisition in Western Europe.

Asia’s green financing market has made great strides since issuance started to pick up two years ago, with 2017 seeing more regulators and issuers giving the asset class a push. But for all its impressive feats, the region’s green market is yet to come of age.

Short selling is crucial to the development of China’s equity market, especially in attracting greater foreign participation, Lyndon Chao, head of equities and post trade at the Asia Securities Industry & Financial Markets Association (Asifma), told GlobalRMB.

The Philippines postpones its Panda bond deal as it awaits approval from China’s central bank, Hong Kong Exchanges and Clearing (HKEX) opens its first office in Singapore, and the renminbi falls to seventh place in the league table of the world’s most used payments currency in October.

A novel green loan for Singapore’s Wilmar International has put the focus on the potential for sustainable products in Asia. While green bonds have gained popularity in the region, the loan market is still lagging far behind — but that appears to be set to change, writes Shruti Chaturvedi.

Sasseur Reit will put off launching its S$500m ($366m) IPO in Singapore until early next year, according to bankers close to the matter.

CapitaLand Retail China Trust is turning to equity investors to help fund its property acquisition in China, launching a S$104m ($77m) overnight placement on Tuesday evening.

Qantex Capital Markets, a Hong Kong-based interdealer broker, has joined Singapore Exchange (SGX) as a derivatives trading member.

UK bank Barclays made its first trip to the Singapore dollar market on Thursday, grabbing S$200m ($147.5m) from an opportunistic transaction.

Barclays is courting Singapore investors on Thursday for a benchmark subordinated Singapore dollar bond.

Natixis has boosted its distribution capabilities in southeast Asia by bringing in a former BNP Paribas loans banker.

Cromwell European Real Estate Investment Trust is taking another stab at a Singapore IPO after it was forced to scrap the trade in September, returning with a smaller €555.7m ($657.9m) deal.