Lend Lease to herald further SGD deals from Aussie corps

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Lend Lease to herald further SGD deals from Aussie corps

July 19, 2012

From Clare Hammond

Lend Lease is the first Australian corporation to tap the SGD market for more than 10 years and the reduction in the cost of funding will encourage similar deals to follow.

Many offshore issuers have tapped the Singapore dollar market this year but property developer Lend Lease Finance is the first Australian corporation to do so in more than ten years. The deal’s success and pricing arbitrage over the domestic market...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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