13Mar

Singapore Stocks Watch: STI resumes Wednesday evening at 3,186.18, down 0.8% on day

Singapore Stocks Watch: SINGAPORE stocks edged down as exchanging continued on Wednesday evening, with the Straits Times Index declining 0.81 percent or 26.07 indicates on the day 3,186.18 as at 1.03pm.

Failures dwarfed gainers 193 to 140, after 459.4 million securities worth S$550.5 million changed hands.

Among the most intensely exchanged by volume, KrisEnergy exchanged at S$0.055 with 21.4 million offers exchanged. Keppel Infrastructure Trust exchanged at S$0.485 with 21.2 million offers trading hands.

UOB costs first Panda bond at 3.49%

The offering has a membership rate of 2.7 occasions from resource chiefs and business bank financial specialists.

Joined Overseas Bank Limited (UOB) has declared it has valued Renminbi (RMB) bond at 3.49%, checking as its first Panda bond from Singapore and the second issued from a Southeast Asian money related foundation.

The three-year $404.4m (¥2b) offering has a membership rate of 2.7 occasions from resource supervisors and business bank financial specialists crosswise over Asia. 38% was set to China’s inland speculators and 62% to universal seaward financial specialists.

“Our support in China’s coastal obligation advertise, one of the biggest all inclusive, empowers us to develop our quality in China as the nation keeps on changing the RMB and its monetary markets,” said Wee Ee Cheong, representative executive and gathering CEO at UOB.

This Panda bond issuance from UOB is the second offering from the Group after United Overseas Bank (China’s) coastal budgetary bond issued in April 2018. The two issuances are appraised AAA by China Chengxin International Credit Rating Co., Ltd with a steady viewpoint.

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