Singapore

Investors flocked to Parkway Pantai’s senior perpetual offering on Thursday, intrigued by a rare bond from a debut healthcare issuer despite the deal's lack of rating.

DBS Group Holdings made a triumphant debut in the green bond market this week, earning bragging rights for the deal’s heavy placement with bona fide green investors. But there is still a long road ahead before Singaporean issuers flock to the market en masse. Addison Gong reports.

China's State Council grants PBoC more power — Citic CLSA loses ECM syndicate head — UBS beefs up Asia DCM — StanChart hires two for loans — BAML debt banker makes exit — SGX brings back lunchtime break

Healthcare company Parkway Pantai opened books for its inaugural dollar bond on Thursday morning local time, collecting bids for a perpetual non call five year.

Terms are out for a $1.5bn three part loan for commodities trader Trafigura, which invited banks for a roadshow earlier this week.

DBS Group Holdings sold Singapore’s inaugural international green bond on Tuesday in style. The strength of its credit, coupled with the green label and a conducive market backdrop, helped the bank print inside the curves of its global peers.

Commodities trader Trafigura has sent banks a preliminary invitation for an upcoming financing, which market participants reckon will replace a $1.185bn one year loan sealed last October.

Singapore Exchange (SGX) is bringing back the lunchtime trading break following a rejig of its equities market structure.

Something quite extraordinary has just been happening in Singapore. For the first time in several years, investors in the city-state have been able to punt on a local, multi-billion-dollar IPO, writes Philippe Espinasse in the latest Clawback.

Socially conscious investing in Asia has so far concentrated on green bonds and little else. But SRI financing is not just limited to green bonds. By taking a broader approach, Asian borrowers — including sovereigns — can reap serious benefits.

Asian green bonds are front and centre this week. Greenko Energy Holdings took the lead with its dollar bond on Monday, with Singapore’s DBS Group Holdings and Hong Kong’s Castle Peak Power Company rolling out their transactions on Tuesday.

A relatively stable credit backdrop has encouraged a swathe of Asian issuers to tap the bond market this week, ensuring a blistering pace of issuance.