Singapore

The Monetary Authority of Singapore aims to entice borrowers to sell rated notes in the country’s bond market by offering a credit rating grant.

Standard Chartered has appointed Lyndon Hsu as global head of leveraged and structured solutions, based in Singapore.

The launch of a S$2.7bn ($1.95bn) IPO by NetLink Trust this week marks an important turning point in the fortunes of Singapore’s quiet equity capital market, with bankers hoping that more issuers may be tempted to take the plunge in the second half of 2017, write Aidan Gregory and Jonathan Breen.

CDL Hospitality Trusts, a Singaporean real estate investment trust focusing on the hospitality sector, has kicked off a S$255.4m ($184m) rights issue to reduce leverage after announcing the purchase of the Pullman Hotel in Munich for €98.9m.

NetLink Trust has kicked off bookbuilding for its up to S$2.7bn ($1.9bn) IPO, set to be Singapore’s largest listing in half a decade, according to a source close to the trade.

Qingdao Lidong Chemical Co, a unit of petroleum products company GS Aromatics, is seeking a $60m loan in general syndication.

The Asian M&A market is heating up, providing loans bankers with some welcome relief following a relatively quiet first half. Promising opportunities from the potential spin-off of Hutchison Global Communications (HGC) and the sale of Singapore’s Global Logistic Properties have set the stage for more activity. Shruti Chaturvedi reports.

StanChart hires for ASEAN M&A — ANZ adds to Taiwan team — ING names Apac chief economist — Bond Connect expected on July 3

A syndicated loan for Gunvor Singapore has been allotted, with more than 20 banks joining the mandated lead arrangers and bookrunners at the end of general syndication.

Louis Dreyfus Co Asia has enlisted four mandated lead arrangers and bookrunners to distribute a $400m three year loan.

Standard Chartered has added to its M&A capabilities in southeast Asia by hiring a new managing director.

ING Bank has appointed a new chief economist and head of research for Asia Pacific, following Tim Condon's retirement.