THE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector's resilience.
UNITED Overseas Bank (UOB) and CapitaLand have entered into an agreement for a two-year S$200 million term loan which references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR).
OCBC Bank has priced its US$1 billion subordinated callable notes due 2030, to be issued at par on Sept 10. They are expected to qualify as Tier 2 capital of the bank.
OCBC will make revisions to its flagship savings account such that customers currently earning the highest salary credit bonus interest will, from Oct 1, need to bank in S$15,000 more to hold on to the rate.
US private equity giants TPG Capital and KKR, as PropertyGuru's largest shareholders, have pumped an additional S$300 million into the South-east Asia-focused property technology firm.
DBS Group has received the green light from the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities company known as DBS Securities (China), in which DBS will have a controlling stake of 51 per cent.
As home-bound audiences eagerly await new programming during the coronavirus pandemic, Hollywood has been slow to get cameras rolling again, even with quarantined sets and innovations such as love scenes using mannequins.
