Singapore

The lead banks on Keppel-KBS US Reit plan to kick off pre-deal investor education for the $500m Singapore IPO towards the second half of this week.

Asian investors have piled into Qudian’s IPO on the New York Stock Exchange, with the $825m fundraising heavily oversubscribed even before it begins roadshows in the US, said bankers.

Mapletree Logistics Trust has raised S$286.5m ($209.98m) through a preferential offering of shares, part of a dual-pronged equity fund raising plan, according to a Singapore Exchange filing.

Sea, the e-sports giant formerly known as Garena, opened the books for its $695.8m US IPO on Monday, after adding a group of southeast Asian banks as underwriters.

Chinese water treatment and recycling solution provider Citic Envirotech is readying its second international dollar bond, having mandated three to arrange a roadshow from the end of this week.

Trafigura's Singaporean entity Trafigura Pte signed an oversubscribed $1.99bn loan on Monday with 27 banks to refinance previous facilities.

Oversea-Chinese Banking Corporation (OCBC) issued a €500m five year covered bond on Thursday that was more oversubscribed than any previous Singaporean deal and priced inside fair value in what a lead manager described as ‘a one-way market’.

Singapore-based Sea began pre-marketing a potential $1bn US IPO this week, according to a banker close to the deal.

Oversea-Chinese Banking Corporation (OCBC) and NordLB have signalled their intention to exploit exceptionally strong covered bond market conditions and open order books for transactions on Thursday.

Singapore-based internet company Sea has kicked off pre-marketing for a US listing that could raise up to $1bn, according to a banker close to the deal.

Panda bonds issued by non-red chip foreign names are being snubbed by Chinese investors with a home bias – an opportunity international investors should not overlook, Wilfred Wee, portfolio manager at Investec Asset Management, told GlobalRMB in a wide-ranging interview.

Cromwell European Real Estate Investment Trust has cancelled its potential €738.8m listing on the Singapore Exchange due to market conditions, after first trying to get past the finish line with a smaller offering.