Final orders were over S$2bn allowing UOB to upsize from its original S$500m benchmark; there was participation from 96 investors with 26% outside of Singapore.
Hyundai-backed Sylvan Group is partnering with SK Innovation to invest $300m to scale a hydrogen transport business in South Korea; the plan is to support 6,000 buses by 2029.
The notes achieved the tightest pricing for five-year, Euro covered bonds from a non-EU issuer, for several years, and is the first such issuance from a Singapore bank since October 2021.
On the ratings agency's 40th anniversary in the region, Singapore-based Cheong explained how transition finance and data centres are key growth areas, how the ratings agency is adopting AI, and the lessons learned from several financial crises.
Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.