Oversea-Chinese Banking Corp. or OCBC (SGX:O39) filed for the listing of $35 million worth of cancelable zero coupon bonds due 2046 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.
The bonds will be listed and quoted in the Bonds Market on June 4, the bank added.
Jiangxi Rimag (HKG:2522) said it agreed to lend up to 32 million yuan to Beijing Rimag Yuntai Medical Devices and Wuhan ronggengs Medical Equipment, according to a Hong Kong bourse filing Tuesday.The medical imaging company's shares fell nearly 4% in afternoon trade Wednesday.The firm owns 51% of both businesses and said its lending facility will be available until Dec. 29, 2028.The loan will accrue interest at an annual rate of 5.5%, the firm said.Both businesses will use the borrowings for their business operations.
Japan's cabinet authorized a 3.1 trillion yen additional budget aimed at shielding households from inflation worsened by the Middle East conflict, Bloomberg News reported Wednesday.The supplementary package establishes a 2.5 trillion yen reserve fund to offer subsidies for countering higher commodity prices, including gasoline, the report said.Aside from the primary inflation fund, the budget dedicates 513 billion yen to replenish current fiscal year reserve pools and 100 billion yen for regional grants, the report said.The government will keep its calendar-based market bond issuance unchanged at 168.5 trillion yen by canceling existing debt from the previous fiscal year, according to the report.This move looks to soothe investor worries regarding national debt, the report said.The cabinet will submit the fiscal measure to parliament, with approval expected as early as Friday, Bloomberg said.The 10-year government bond yield ticked up 2.5 basis points to 2.595% during morning trading, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Arafura Rare Earths (ASX:ARU) said its latest share purchase plan opened on Wednesday after the lodging of the associated prospectus with the Australian Securities and Investments Commission, according to a same-day filing with the Australian bourse.In May, the company disclosed a share purchase plan to generate about AU$25 million priced at AU$0.26 apiece as part of a broader capital raising initiative. The offer is set to close on July 7.Arafura Rare Earths shares gained 4% in recent Wednesday trade.