Sembcorp to lead the charge from Singapore

Government-owned Sembcorp Industries is set to become the Island State''s first international equity issuer of 2001.
The diversified group is planning to raise S$318 million $182 million at the end of this month from a 185 million new share offering, with JP Morgan as bookrunner and Nomura as co-lead. Winning the follow-on offering marks a major breakthrough for JP Morgan and represents the first deal the bank is likely to complete in Asia under the combined aegis of Jardine Fleming, Chase and JP Morgan.

The US investment bank was a natural choice to lead the deal having recently raised S$203 million for sister company Sembcorp Logistics back in December. Jardine Fleming managed the 24.3 million new share sale, proceeds from which were used to fund...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222