Standard Chartered

Standard Chartered has named Patrick Lee as chief executive officer for Singapore.

Two Chinese companies, United Asia Finance and Greentown China Holdings, have received strong responses to their offshore borrowings, allowing them to increase the loan sizes.

United Asia Finance, a Hong Kong-based consumer loan provider, has closed its latest dual-currency borrowing, raising the equivalent of HK$4.7bn ($599m).

TVS Logistics has attracted eight participants during the syndication of its latest dual-currency borrowing.

Asia’s G3 bond market has been defined by volatility this year, forcing bankers, investors and issuers alike to think on their feet during the first half of 2018. As banks fight to stay on top of the limited primary market activity, the region’s league tables have been disrupted.

Garanti Bank International (GBI) has cut the size and price of its self-arranged annual syndicated loan, with the Dutch arm of one of Turkey’s biggest lenders raising $185m.

China Huarong Asset Management Co focused on getting a sensible price rather than a large size with its Tuesday bond issue, raising $1.1bn from three tranches. The deal followed a probe of its former chairman earlier this year, as well as a general widening of bonds from the sector.

Chinese financial leasing firm Far East Horizon (FEH) nabbed $400m from a floating rate note on Monday that required an arduous price discovery process.

Ghana Coco Board (Cocobod) has closed the senior syndication of its $1.3bn one year annual pre-export finance facility, with a bank meeting due to be held on Monday, June 25.

Commitments from a 15-strong syndicate group has allowed China’s Kingboard Chemical Holdings to increase its loan to HK$7bn ($892m) from HK$6bn.

ICBC International Holdings' Thursday outing drew attention in both the primary and secondary markets. Its $700m floating rate note transaction captured a $5bn-plus book at its peak, with the bond then trading 8bp-10bp tighter in the aftermarket.

Temasek Holdings’ private equity funds-backed collateralised fund obligation Astrea IV started trading on the Singapore Exchange (SGX) on Monday, with investors continuing to chase after the notes.