HSBC, Standard Chartered, Other Banks Indicted in Money Laundering, Shares Plunged... - Coinspeaker

22 Sep 2020 - Coinspeaker

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Olam issues $400m senior unsecured notes

18 Aug 2020 - Singapore Business Review
It is priced at 4% and will mature on 24 February 2026. Agri-business firm Olam International (Olam) has priced a benchmark $400m issuance of senior unsecured notes due 2026 under its $6.84b (US$5b) Euro medium term note programme, a press release revealed. The notes will bear interest at a fixed rate ...
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Standard Chartered, Singapore labor mull digital bank venture: report

17 Aug 2020 - Singapore Business Review
The plan is still in its early stages. Standard Chartered is planning its second digital-only bank in Asia in partnership with a unit of Singapore’s labor union NTUC, reports Bloomberg. Standard Chartered will hold a majority stake in the venture, with the remaining stake belonging to NTUC Enterprise ...
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MAS awards SRFB privileges to StanChart, will revamp SRFB framework

3 Aug 2020 - Singapore Business Review
Lenders who substantially exceed the SRFB criteria may be allowed to open subsidiaries. The Monetary Authority of Singapore (MAS) has awarded Significantly Rooted Foreign Bank (SRFB) privileges to Standard Chartered Bank (Singapore), which allows the lender to operate additional places of business (POBs), ...
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Zheneng Jinjiang Environment secures $375.29m loan facility

16 Jul 2020 - Singapore Business Review
The amounts borrowed under the facility will be used for the general corporate purposes of the group. Waste-to-energy (WTE) operator Zheneng Jinjiang Environment Holding Company Limited has secured a US dollar syndicated term loan facility of up to $375.29m (US$270m) under a facility agreement with Standard ...
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Majority of banks ready to trade SORA derivatives, says committee

29 Jun 2020 - Singapore Business Review
Banks including OCBC and DBS have already made their first SORA-related activities. The majority of the member banks in the Steering Committee for SOR Transition to SORA (SC-STS) are ready to trade Singapore Overnight Rate Average (SORA) derivatives, which is expected to pave the way for greater market ...
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Olam secures $349.36m sustainability-linked loan

22 Jun 2020 - Singapore Business Review
The credit facility consists of three tranches. Food and global agri-business, Olam International Limited and its wholly owned subsidiary, Olam Treasury, has secured a revolving sustainability-linked credit facility aggregating $349.36m (US$250m), according to an announcement. The credit facility consists ...
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Winson seeks $41.84m from Standard Chartered Singapore over Hin Leong deal

18 Jun 2020 - Singapore Business Review
The oil trading firm is also demanding damages, interest and costs from the bank. Winson Oil Trading has started legal proceedings against Standard Chartered Bank (Singapore) Ltd to claim at least $41.84m (US$30.4m) in payment for a diesel cargo it sold to Hin Leong Trading, court documents showed. The ...
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OUE C-REIT prices $100m notes due 2025 at 4%

16 Jun 2020 - Singapore Business Review
The notes are expected to be issued on 24 June and to be listed on 25 June. OUE Commercial REIT (OUE C-REIT) has priced its offering $100m 4% notes due 2025, an SGX filing revealed. The notes will be issued under the $2b multicurrency debt issuance programme. The notes are expected to be issued on 24 ...
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Pompeo blasts HSBC for 'corporate kowtows' over Hong Kong

10 Jun 2020 - The Edge Markets
(June 10): US Secretary of State Michael Pompeo criticized HSBC Holdings Plc for backing China’s move to impose national security legislation in Hong Kong, underscoring the increasing political pressures on multinationals dependent on the former British colony. Pompeo accused the London-based banking ...
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