Trade Finance

Dena Bank raises $153.9M from bonds

Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.

Dena Bank raises $153.9M from bonds

Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.

Vietnam stopping use of gold for savings, lending

Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.

SCB denies TMB share swap rumour

Siam Commercial Bank called speculations it plans to buy a 26 percent stake in TMB Bank through a share swap as groundless.

Bank Permata raises $75M from sale of subordinated debt

Bank Permata raised Rp 700 billion or $75 million from the sale of subordinated debt that it offered from June 8 to 12.

Al Rajhi Bank utilizes CCM-i treasury instrument

Al Rajhi Bank Malaysia became the first Islamic financial institution to utilize the Collateralised Commodity Murabahah-i.

Bank Jatim targets $212M from IPO

Bank Jatim expects to raise up to Rp 1.9 trillion or US$212 million from an IPO to be launched in July.

Reliance Finance eyes 16% credit growth

Reliance Commercial Finance will increase focus on SMEs to achieve its target credit growth rate of 15-16 percent this fiscal.

CIMB eyes second listing in Indonesia after Malaysia

CIMB plans to be listed on the Indonesia Stock Exchange, though currently it is only listed on Bursa Malaysia.

Pakistani banks told to process cases of sugar export

The State Bank of Pakistan advised all authorised dealers in foreign exchange to process the cases of sugar export.

Public Bank to redeem 2005 notes

Public Bank is redeeming the US$400million subordinated notes it had issued on June 20, 2005.

VietinBank assigned to serve $80Mln ADB Loan

The State Bank of Vietnam has assigned VietinBank to service a project worth $80 million funded by the Asian Development Bank.

KB, Korea Life to vie for ING Life Korea

KB Financial and Korea Life Insurance were among the preferred bidders to buy ING Group’s Asian insurance business.

S.Korea's Eximbank raises $1.25B through samurai bonds

South Korea's Eximbank raised 100 billion yen or US$1.25 billion through samurai bond sales.

ING Vysya Bank enters gold coin retailing

ING Vysya Bank announced plans to sell 24-carat coins of up to 10 grams.

Indian banks to pay 8% on delayed Relief Bond interest payments

Banks are expected to be more prompt in crediting interest amount of Relief or Saving Bond investors.

Hong Leong Bank $1.5B Euro notes

Hong Leong Bank can now issue euro medium-term note of up to US$1.5 billion.

SCB prepares to expand, okays $3.2M more in bonds

Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas.