Singapore

Mapletree Commercial Trust raised the roof with its S$1.04bn ($766.01m) overnight block-plus-rights combo this week, in a deal that earned praise from bankers on and away from the transaction. The placement tranche now ranks as the largest by a Singapore real estate investment trust, and could pave the way for more Reit-related fundraisings. John Loh reports.

Singapore’s DBS Bank has made headlines for a series of high profile changes this week, including its decision to establish a securities business in Japan.

Mapletree Commercial Trust priced an overnight block-plus-rights combo on Tuesday to raise S$1.04bn ($766.01m), in a deal that earned praise from bankers on and away for its slick execution.

Veteran DBS banker Boey Yin Chong is moving to a new position at the Singaporean lender after a 15-year spell helming the syndicated finance team.

DBS Private Bank has hired Joseph Poon as its regional head of southeast Asia, poaching him from UBS.

Mapletree Commercial Trust has opened books on a S$1.02bn ($751.3m) dual tranche equity fundraising that is being conducted via an overnight share sale and preferential offering.

Agricultural trading and processing company Cofco Agri is understood to have sent out a request for proposals for a dual-tranche facility to refinance debt.

Singapore’s Noble Group has sown up its S$719m ($522m) rights offering with a 173.7% oversubscription, according to a stock exchange filing on Monday.

DBS is establishing a securities business in Japan to help investors grappling with the low interest environment in the country earn better returns in the rest of Asia.

Mizuho has recently seen the departures of two bankers in its loans team in Singapore — one each from origination and distribution.

Credit Suisse has made two senior appointments to its Japan’s investment banking and capital markets division, poaching from Deutsche Securities.

The Asian loans teams at three banks have seen changes recently following exits in Hong Kong and Singapore.