Singapore

Aluminum Corp of China, Peking University Founder Group, Beijing Enterprises Holdings and Singapore’s Oxley Holdings all walked away with new bonds on Wednesday, wrapping up a blockbuster issuance week ahead of Easter.

HSBC has lost its head of Singapore dollar bond origination, according to sources.

The Singapore Exchange (SGX) and Shanghai Pudong Development Bank (SPDB) signed a memorandum of understanding (MOU) on Wednesday aimed at strengthening cross-border capital market access.

The slightly softer tone in the Asian markets on Tuesday did not deter issuers from flocking to the debt market, with as many as eight borrowers bagging new bonds. And the momentum continued on Wednesday, with a handful of firms opening their transactions.

Thailand’s B. Grimm Power is likely to launch its $350m-$400m IPO in May due to logistical delays, according to bankers on the trade.

Singapore’s green bond market officially opened last week, with CDL Properties pricing a S$100m ($71.3m) two year, raising hopes that more issuers from the country will follow suit. But Singapore needs to encourage them.

The State Administration of Foreign Exchange (Safe) reports rise in foreign reserves, China Insurance Regulatory Commission (CIRC) chief is under investigation over misconduct, and no formal agreement emerges following Xi Jinping’s meeting with Donald Trump.

CDL Properties has made a splash in the Singapore dollar debt market, selling the country’s first green bond, a S$100m ($71.3m) two year deal.

Hong Kong-listed National Arts Entertainment and Culture Group is preparing to spin off and list a pair of assets as a trust on the Singapore Exchange.

Sumitomo Mitsui Banking Corp and ANZ are making changes to their loans businesses in Singapore. SMBC is building up its distribution capabilities, while ANZ is looking to replace a senior banker.

CDL Properties has thrown open the doors for the Singapore green bond market, launching its deal on Thursday, just two weeks after the country announced a grant scheme for socially responsible issuers.

Modernland Realty launched a new dollar deal on Thursday, following on the success of other high yield Indonesian names this year.