Singapore

China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

Sumitomo Mitsui Banking Corp has made a number of changes to its organisation in Hong Kong and Singapore, in a bid to improve its distribution platform.

Increased provisioning and DBS’ high exposure to Swiber has raised some questions about the bank’s handling of the problem and the overall quality of Singaporean lenders’ portfolios, considering their local market is heavily composed companies in cyclical sectors such as oil and gas.

Guillaume du Cheyron, head of high yield bond origination and execution for Asia, has left Deutsche Bank.

Louis Dreyfus Commodities Asia has wrapped up a $600m revolver after overwhelming demand allowed it to allocate the full greenshoe to banks, raising the total amount by $100m.

DBS Group's profits stumbled during the second quarter of 2016 as the bank had to put provisions aside to deal with potential effects from its exposure to troubled energy services firm Swiber Group.

The Singapore Exchange is going ahead with its plan to acquire London-based Baltic Exchange for £77.6m ($101.7m), half a year after submitting a non-binding bid for the shipping bourse.

Details have emerged on agricultural trading and processing company Cofco Agri’s $2.6bn two tranche refinancing, for which a roadshow was held in Singapore last week.

Ascendas Real Estate Investment Trust’s S$155m ($114m) overnight share sale proved to be hot property as the deal was six times covered and was priced at the top of its expected range — at a mere 1% discount.

Singapore-listed Ezion Holdings has wrapped up a rights issue of nearly 500m new shares, raising S$141.3m ($105.3m).

Singapore’s Ascendas Real Estate Investment Trust has launched an accelerated bookbuild of new units worth up to S$155m ($114m) to fund acquisitions in Australia and for its local projects.

Joseph Chee will head UBS’s Asia investment banking unit after co-head Saurabh Beniwal leaves at the end of the year, according to sources close to the move.