Sembcorp unit prices S$300 million fixed rate notes at 3.55%

Sembcorp unit prices S0 million fixed rate notes at 3.55%

The offering is close to seven times oversubscribed against the target issuance size [SINGAPORE] Sembcorp Industries announced on Wednesday (Jun 25) that its wholly owned subsidiary Sembcorp Financial Services (SFS) had priced the issuance of S$300 million worth of fixed rate guaranteed notes. The issuance comes under the S$5 billion Euro Medium Term Note programme…

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Daiwa plans 100 billion yen real estate fund as Japan market booms

Daiwa plans 100 billion yen real estate fund as Japan market booms

[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa’s Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via…

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US: Iran-Israel ceasefire lifts stocks

US: Iran-Israel ceasefire lifts stocks

[NEW YORK] Wall Street stocks jumped on Tuesday (Jun 24) as an Iran-Israel ceasefire appeared to hold through its first day and oil prices continued their retreat. Major indices spent the entire day in positive territory with both Iran and Israel refraining from new attacks after a barrage of last-minute strikes. With the “de-escalation, the…

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