by Amruth Sundarkumar | Feb 16, 2022 | Banks, Southeast Asia
UOB reported 48% YoY rise in its Q4 2021 net profits to S$1.02bn ($760mn), beating estimates of S$986mn ($733mn). Net fee and commission income came in at S$589mn ($438mn) up 13% YoY with loan-related fees and credit card fees picking up. For the full year, UOB...
by Amruth Sundarkumar | Jan 21, 2022 | Corporates, Southeast Asia
ESR Cayman completed its 100% acquisition of ARA Asset Management for $5.2bn, less than three months after its shareholders approved the deal. Following the acquisition, ESR is now the world’s third-largest listed real estate investment manager with gross AUM of...
by bondevalue | Apr 21, 2021 | Investment Grade Bonds, Southeast Asia
South Korea’s Naver Corporation, which runs an online search engine, plans to go global, looking at issuing more dollar denominated debt and a possible IPO listing in the US. Naver had issued its debut dollar bond of $500mn just last month and is now considering...
by bondevalue | Jul 14, 2020 | Global, Investment Grade Bonds, Southeast Asia
Asian markets are opening with a risk-off tone after a late sell-off in Wall Street triggered when California reversed its policy for reopening the economy. Increasing tensions between the US and China over the South China Sea also weighed on sentiment. Major indices...
by bondevalue | Jun 30, 2020 | Asian Dollar Bonds, Corporates, Credit Ratings, Global, Investment Grade Bonds, Southeast Asia
Wall Street rallied overnight despite no positive news except for US pending home sales, which rose by 44.3% month on month. Concerns over the virus still remain, but it looks like the bears in the market are still at bay. The Fed launched its Primary Market Corporate...
by bondevalue | Mar 29, 2019 | Southeast Asia
Singapore Airlines (SIA) has completed its S$750 million 5-year bond offering at 3.03%, with a placement tranche of S$300 million and a tranche placed to retail investors of S$450 million. The 5-year bonds had been upsized from S$500 million following strong demand...
