Temasek’s Astrea VI Lining Up New USD and SGD PE-Backed Bond Offering
Astrea VI, backed by Temasek’s Azalea Asset Management, is planning to launch new dollar and Singapore dollar bonds with investor calls starting March 1. As per a filing with the MAS, the planned issuance will include a S$375mn ($282mn) Class A-1 tranche,...
OCBC Q4 Earnings Beat; Sees Signs of Recovery
Singapore’s second largest lender OCBC reported a 9% fall in Q4 profits YoY, dragged by lower total income. The bank reported positive loan growth, deposit growth, higher fees and commissions, customer treasury activities and assets under management in the last...
CapitaLand Reports Losses of $1.2 Billion for 2020
Singapore’s property developer CapitaLand reported S$1.57bn ($1.19bn) in net losses for FY2020, down 26% YoY primarily on account of revaluation and impairment losses. Second half net loss was at S$1.67bn ($1.3bn) for the second half ended Dec 2020, from a net profit...
OUE and Heeton Warn of FY2020 Annual Loss
Singapore-based real estate developers OUE and Heeton warned of reporting an annual loss for 2020 via exchange filings. OUE said that the annual loss is primarily attributable to the S$ 435.4mn ($328mn) in net fair value losses on its investment properties. About 60%...
