Singapore

Singapore’s Reit issuers had a busy week, with Keppel-KBS US Real Estate Investment Trust off to a good start on its $448m IPO and Mapletree Industrial Trust raising S$155.7m ($114.5m) from an overnight placement.

Keppel-KBS US Real Estate Investment Trust has started bookbuilding for its $448m IPO in Singapore, the city-state’s second Reit listing backed by US assets.

Singapore-listed Mapletree Industrial Trust bagged S$155.7m ($114.5m) in an overnight primary capital raise that was priced at the top of expectations and reached full size.

CapitaLand Commercial Trust (CCT) has raised S$700m ($514.7m) from a rights issue after a flood of excess applications pushed the deal to nearly twice subscribed.

Sea can lay claim to being one of this year’s most well-participated IPOs by an Asian issuer, after more than 500 investors piled into its New York Stock Exchange flotation.

Manulife US Real Estate Investment Trust has raised $208m to fund the acquisition of a Jersey City property after investors poured into its rights issue, according to a filing on Thursday.

Malaysia’s RHB Bank has hired Ankur Khandelwal from Barclays to head its Asia ECM unit, according to sources close to the matter.

Singapore Exchange (SGX) is stepping up its efforts to attract new listings by partnering with Nasdaq, as Asian issuers increasingly look to tap global investors.

China Construction Bank Corp closed its first Singapore dollar bond on Monday, taking advantage of the thriving local currency market in southeast Asia.

Singapore-based agriculture company Olam International has secured a $1.75bn revolving credit facility (RCF) with 21 banks.

China Construction Bank Corporation launched a Singapore dollar bond on Monday, preparing to issue the bond through its local branch.

Sea said its backer Tencent Holdings, the Chinese technology giant, will take up a $100m portion of the southeast Asian e-sports company’s $696m IPO in the US.