Singapore
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Singapore-listed Mapletree Commercial Trust is planning to raise S$874.8m ($632.9m) from the sale of new equity to part-fund a local acquisition. -
Singapore’s credentials as Asia’s hub for real estate investment trusts were underlined this week, as an ideal market backdrop triggered a burst of Reit activity. With Lendlease Reit scooping up S$740.3m ($536.5m) from its hugely popular IPO, and more deals on the way, the Lion City offers big opportunities, writes Jonathan Breen.
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Commodities company Mercuria has returned for its annual outing to the syndicated loan market, and is seeking $1bn from a four-tranche borrowing.
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Investors ploughed into Lendlease Global Real Estate Investment Trust’s S$740.3m ($538.1m) IPO in Singapore, attracted to the potential yields on offer amid a low interest rate environment.
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ANZ is expanding its sustainable financing efforts with the appointment of a new business head.
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HSBC, Macquarie hire former Deutsche bankers – Citi’s Aus, NZ equities head steps down – CIMB rejigs top line-up – Hang Seng’s head of syndication leaves – Moody’s names Apac boss
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Mapletree Industrial Trust raised S$400m ($290.6m) on Tuesday, becoming the latest in a growing line of trusts to tap Singapore’s equity capital market.
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Keppel DC Real Estate Investment Trust priced a placement of new units at the top of guidance, raising S$235.4m ($171.3m) for the purchase of two data centres in Singapore.
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Singapore-based agriculture company Olam International has returned to the loan market for its annual refinancing.
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Agricultural Bank of China’s Singapore branch has sold the tightest three year floating rate note (FRN) from a big four Chinese bank, adding $500m to its coffers.
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Lendlease Global Commercial Real Estate Investment Trust has hit the road for its Singapore IPO as it seeks up to S$740.3m ($537.9m), according to a source close to the deal.
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HSBC has named Philip Lee as vice-chairman, southeast Asia, for its global banking franchise. The position is a newly-created one as the bank seeks to beef up its presence in the region.
