ESR REIT & ARA Logos Plan $1bn Merger
Singapore-based ESR-REIT and ARA Logos Logistics Trust have proposed a S$1.4bn ($1bn) merger that involves ESR acquiring all of ARA Logos’ units in exchange for cash and new units. The transaction will be effected by way of a trust scheme of arrangement with a...
SIA Clarifies Privatisation Plans; S$6.2bn From Convertibles To Last Through 2023
Days after Singapore Airlines (SIA) was questioned on its privatization plans from investor watchdog SIAS, the airline has clarified that it is not a matter for SIA to consider, given that it is a shareholder action. SIA added that the proceeds from its Mandatory...
NWD Raises $1.2bn Via PerpNC7 at 4.125%
New World Development (NWD) raised $1.2bn via a Perpetual non-call 7Y (PerpNC7) at a yield of 4.125%, 37.5bp inside initial guidance of 4.5% area. The bonds were unrated and received orders over $3.3bn, 2.75x issue size. NWD doubled the issue size from their initial...Aircraft Leasing Cos Raise ~$15bn in Bonds This Month
Seven aircraft leasing companies have raised $14.9bn this January thus far, given the confidence in robustness of the travel sector, as per data from Dealogic. “Out of the whole travel sector they are probably one of the better positioned…It’ll be a while before...
