Singapore

Swiss Re debuted in Asia this week with a S$350m ($251.67m) bond that established the European reinsurer in the Singapore market. It also paved the way for more issuance from the firm.

Mapletree Industrial Trust raised S$410m ($295.4m) on Tuesday after strong demand enabled the Reit to boost the size of a placement.

Singapore’s Keppel Infrastructure Trust and Cleantech Solar have raised S$700m ($502m) from a sustainability-linked loan and $75m from a green loan, respectively.

Mapletree Industrial Trust is looking to raise at least S$350m ($251.5m) from an issue of primary units.

Singapore’s CapitaLand has become the first company to raise a loan benchmarked against the Singapore overnight average rate (Sora), as the market prepares for a transition away from Libor and the country’s equivalent, the Singapore dollar swap offer rate (Sor).

JP Morgan has picked two of its own staff to fill newly-created posts as co-heads of investment banking across the Asean region.

OCBC Group plans to hire more than 3,000 people in Singapore this year.

Sembcorp Marine is looking to tap shareholders for S$2.1bn ($1.5bn) from a rights issue to help repay debt held by a subsidiary.

Singapore Telecommunications (Singtel) raised $750m on Wednesday from its annual bond outing.

More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.

Singapore’s real estate group CapitaLand has bagged its fifth sustainability-linked loan, after sealing two green deals just last month.

Taiwan’s Chailease International Finance Corp is returning to the loan market through its Singapore entity for a $100m deal.