sale

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

The Singaporean bank has acquired Citi’s Taiwanese consumer franchise following plans announced at the start of 2022.

UOB has agreed to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

John Swire & Sons offloads roughly half of its stake in the company, after the stock gains more than 30% since its trading debut in January.

The deal is done at a 6.4% discount as the private equity firm sells its 7.8% stake and exits the company.

The potential sale will include the UK bank's cash equities, ECM, M&A and corporate finance divisions in Asia and Australia.

RBS is cutting 3,500 jobs at its investment bank — how many will be in Asia? Or will there be a sale first?

The sale of warrants allows bondholders to convert to peso-denominated debt ahead of risk-weighting increases on foreign-currency debt due to Basel II compliance.

An unusual structure sees Deutsche Bank buy $200 million of the bonds for its own books and sell the rest to the market through a high-premium, fixed-price deal.