Singapore

Singapore’s HRnetGroup is closing books on its S$174m ($125.7m) IPO a day earlier than planned after investors jumped onboard the deal.

Singaporean broadband provider NetLink Trust is set to begin investor education this week for its IPO, which could raise around $1.5bn, according to a banker close to the deal.

DBS Group sold its first senior unsecured bond in three years on Thursday, sealing a floating rate 2020 at a record tight spread for any Asia ex-Japan bank so far this year.

HSBC Holdings stormed into the Singapore dollar bank capital market on June 1 with a S$1bn ($722m) additional tier one that notched up a number of firsts, as the issuer took advantage of the liquidity and stability of the currency.

Investors threw their weight behind two IPOs in Asia this week, with WuXi Biologics set to price at the top of expectations in Hong Kong and Singapore’s HRnetGroup getting covered across the range.

DBS Group Holdings and HSBC Holdings are wooing debt investors, with the former seeking a dollar senior deal, and the latter a Singapore dollar perpetual. The Export-Import Bank of China (Chexim) is also collecting bids for its fundraising.

Credit Suisse and United Overseas Bank have become the latest lenders to be penalised by the Monetary Authority of Singapore for breaches related to scandal-hit Malaysian sovereign wealth fund 1MDB.

Singapore Exchange and Infocomm Media Development Authority (IMDA) signed a pact on Wednesday to help fast growing technology companies raise capital in the country's private and public markets.

DBS Group Holdings is preparing its comeback to the international bond market, having mandated leads for a senior outing denominated in dollars.

Singapore’s HRnetGroup has thrown open books for its up to S$174m ($125.7m) IPO and is preparing for a week-long roadshow, according to a termsheet seen by GlobalCapital Asia.

China’s FX market records Rmb11.38tr ($1.65tr) of transactions in April, the State Administration of Foreign Exchange releases more foreign investment quotas, and CFETS completes first options write-off in the interbank market.

The PBoC is rumoured to be looking into making the daily fixing more stable, MSCI says there are still questions on including A-shares in its emerging market index in June, and Vanguard sets up its first wholly foreign owned entity (WFOE) in Shanghai.