Singapore Disquiet Deepens

Singapore's stability, one of its most important characteristics and the bedrock of its finance industry and economic prosperity, could be under threat. The feud has played out as the finance center is also roiled by the billion-dollar graft scandal ... ( read original story ...)

Canara Bank hits overseas bond market with USD 400-million issue

which will be drawn through its London branch and will be listed on the Singapore Stock Exchange," merchant banking sources told PTI. The Bangalore-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody's has assigned a Baa3 ... ( read original story ...)

Canara Bank’s $400-mn bond issue hits overseas market

which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bengaluru-based bank has hit the forex debt market after a long gap. Foregin rating agency Moody’s has assigned a ... ( read original story ...)

Mahindra Logistics files for up to $110 mn IPO

The IPO is likely to raise about Rs 650-700 crore ($102-110 million ... Kedaara Capital was founded in 2011 by Manish Kejriwal, the former India head of Singapore state investment fund Temasek, and Sunish Sharma and Nishant Sharma, the former managing ... ( read original story ...)

SCIC to sell over 48 million Vinamilk shares

Last year, SCIC sold 5.4 per cent of Vinamilk to the Singapore-listed, Fraser and Neave Ltd ... and distribution arm to other investors via an initial public offering (IPO). According to the Nikkei Asian Review, the sales of the distribution and retail ... ( read original story ...)

Atlantis Resources’ head of corporate finance to become CFO

The latter is the current head of corporate finance at the group and has been with Atlantis since before its IPO (initial public offering ... as we have transitioned the finance department from Singapore to Edinburgh, where he has built a highly competent ... ( read original story ...)

Bailout is only way out for 1MDB, says Pua

Pua, the opposition’s chief critic on 1MDB affairs, said this was because banks around the world would refuse to be involved with the “investment fund units” which 1MDB said would help finance the ... “In fact, the Singapore courts also confirmed ... ( read original story ...)

Stocks in Asia Waver on Disappointing Earnings

Nomura raised its target price to 6,400 yen from 5,600 yen and kept a "buy" call, noting the automaker was well ahead of rivals in the Indian market and that margins ... around 10% to 66 Australian cents. In Singapore, shares of DBS dropped 2.3%. ( read original story ...)

SEBI boosts stock trading on GIFT

Stock brokers ... that shifted to Singapore and Dubai may come back as derivatives trading picks up on GIFT and even the talent pool will return here.” The 52 stocks that are now allowed on GIFT account for nearly 55 per cent of market capitalisation ... ( read original story ...)

Singapore’s Novena Global plans $150m Taiwan IPO

Singapore-based Novena Global Lifecare Group is teeing up a $150m IPO in Taiwan as it looks for capital to fund expansion in north Asia. By John Loh, Jonathan Breen 12:00 PM Novena, an integrated medical healthcare and aesthetic group, dropped plans to ... ( read original story ...)

Prima Marine to double fleet via IPO

The rest of the cash from the IPO would go into working capital and repaying loans ... It previously planned to list in the stock market in Hong Kong and Singapore but finally decided to list in the SET. ( read original story ...)

HNA Reit looking for new banks after BAML retreats

HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties ... ( read original story ...)