NewTimeSpace News:According to news from the Singapore Exchange on February 25, leading local financial services company Singlife and MUFG officially announced the smooth completion of a SGD 550 million bilateral bespoke financing transaction. Ranking among the largest of its kind in Singapore's insurance sector, the deal underscores the deep synergy between the two parties in capital management and financial services.

It is learned that MUFG took on a dual role in this transaction, acting as both Singlife’s sole capital structure adviser and exclusive financier. It tailored a Singapore dollar-denominated bespoke financing solution for Singlife, which precisely aligns with the latter's capital management objectives. As stated in the announcement, all proceeds from this financing will be used to redeem Singlife's issued SGD 550 million subordinated notes, with the core aim of optimizing the company's capital structure and enhancing balance sheet efficiency.

Sumit Behl, Chief Financial Officer of Singlife, stated that this refinancing reflects the company’s proactive and disciplined approach to capital management, reinforcing its focus on financial resilience and sustainable long-term growth, and is aligned with the company’s credit rating considerations and long-term financial strategy. Danny Fischer, Managing Director and Head of Solutions for Asia Pacific at MUFG, noted that against a backdrop of volatile interest rates and evolving capital needs, execution certainty and consistency were the keys to this collaboration. The integrated solution delivered by the two parties hand-in-hand precisely aligns with Singlife’s capital objectives and refinancing timeline.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.