Singapore

Frasers Property has sealed the first secured green loan from Singapore and southeast Asia, raising S$1.2bn ($876m). Bankers say this is only the beginning as borrowers in Asia slowly but steadily make the environment and sustainability their top priorities, writes Pan Yue.

HSBC Holdings took advantage of an open window for issuance in the Singapore dollar bond market, raising S$750m ($546m) from a Basel III-compliant additional tier one deal on Monday. But potential issuers still looking to tap the currency may need to adjust their expectations.

China Construction Bank raised S$300m ($219m) through its Singapore branch on Thursday, opting for a two year tenor to offset rising funding costs since its debut in the currency last year.

Kelvin Lim, a director of loan syndicate and sales of Citi, has left the bank, according to a source close to the move.

Commerzbank has ended a 10-month drought in Singapore dollar-denominated tier two deals, returning this week with a S$400m ($290m) bond. What lies ahead for the southeast Asian city-state’s local currency market? Addison Gong finds out.

OUE Commercial Real Estate Investment Trust will partly fund an acquisition from its sponsor through a S$587.5m ($427.2m) rights issue.

August was generally a healthy month for many global derivatives exchanges, though performance was not quite consistent across the industry.

Ascendas Real Estate Investment Trust tapped equity investors for S$452.1m ($328.6m) with a follow-on offering on Thursday, its first visit to the market in over two years.

A number of bond issuers ventured out to the debt market on Wednesday, braving a weak market backdrop to pull off deals not just in US dollars, but also in Singapore dollars and offshore renminbi.

Jiten Arora took over as Standard Chartered's global head of commercial banking on August 30, according to a Monday press release.

Credit Suisse has rejigged the leadership of its private bank in Asia, making Francois Monnet and Benjamin Cavalli heads of the division for north and south Asia respectively.

Singapore Telecommunications bagged $500m from an opportunistic outing on Monday, leveraging on its rarity value and investment grade credentials to woo investors.