refinancing

Dasin Retail Trust's price action suggests loan extension is successful - THE EDGE SINGAPORE

REITs

Dasin Retail Trust's price action suggests loan extension is successful

The STI's chart pattern shows some strength with the index above the moving averages, but indicators remain lacklustre
Dasin Retail Trust's sponsor ditches ARA for Sino-Ocean Capital; refinancing underway - THE EDGE SINGAPORE

REITs

Dasin Retail Trust's sponsor ditches ARA for Sino-Ocean Capital; refinancing underway

Dasin Retail Trust's sponsor signed a non-binding MOU with Sino-Ocean Capital for the latter to acquire a stake in the manager
Unusual decline in Dasin Retail Trust grabs attention; awaiting confirmation of refinancing - THE EDGE SINGAPORE

Right Timing

Unusual decline in Dasin Retail Trust grabs attention; awaiting confirmation of refinancing

Dasin Retail Trust had a precipitous decline in the past week, as concerns over its refinancing surfaced.
Sembcorp subsidiary issues notice of redemption of $1.5 bil 3.55% guaranteed bonds due 2024 - THE EDGE SINGAPORE

Bonds and treasuries

Sembcorp subsidiary issues notice of redemption of $1.5 bil 3.55% guaranteed bonds due 2024

The refinancing is expected to achieve annual interest cost savings of approximately $25 million to $35 million.

Ezion secures US$1.5 bil refinancing package in final leg of restructuring exercise

SINGAPORE (Feb 7): Offshore & marine group Ezion Holdings says it has secured refinancing totaling to approximately US$1.5 billion ($2 billion) from its six secured lenders, namely: DBS, OCBC, UOB, Maybank, CIMB and Caterpillar Financial.

China Focus

Cracks are showing in China’s shadow banking industry

SHANGHAI (Jan 24): Strains are spreading in China’s US$15 trillion ($19.8 trillion) shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels.

Broker's Calls

OUE Hospitality Trust's valuations still unattractive despite lower cost of debt: OCBC

SINGAPORE (Jan 5): OCBC Investment Research is maintaining its “hold” call on OUE Hospitality Trust on valuation grounds with a higher fair value estimate of 83 cents from 82 cents previously.

Broker's Calls

OUE Hospitality Trust's early refinancing to result in higher DPU, says RHB

SINGAPORE (Jan 3): RHB is maintaining its “buy” call on OUE Hospitality Trust (OUE HT), while raising its target price on the REIT to 91 cents from 88 cents previously to factor in a cost of equity (COE) of -7.2% and 2% terminal growth for FY18F and F

Global Economy

Vietnam’s surprise rate cut may spur growth amid credit worries

HANOI (July 10): Vietnam’s surprise lowering of interest rates for the first time in three years may help to support economic growth, but raises credit risks in a nation still grappling with a hangover of bad debt.

Global Markets

Risky and complex US loan wagers are red hot in low-yield Asia

NEW YORK (May 19): Asia’s yield-hungry investors have a lot riding on the financial engineers of Wall Street.
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