In today’s briefing:
- DBS Group Holdings – And Baby Makes Three
- EC World Reit (ECWREIT SP) – Navigating Its Impending $700m Debt Wall
DBS Group Holdings – And Baby Makes Three
- Another Troubled Bank Deal In Asia Adds Another Managerial Distraction;
- DBS Agreed to Acquire Citigroup’s Taiwan Consumer Franchise for SGD 2.9 bn After Three Taiwan Banks Couldn’t Make This Deal Work; and
- In Addition, DBS’ Fundamentals Continue to Weaken, With Lower Fees, Compressed Margins, and Modestly Weaker Credit.
EC World Reit (ECWREIT SP) – Navigating Its Impending $700m Debt Wall
- EC World Reit faces a debt wall of SGD700m+ maturing debts in 2022
- EC World REIT is unlikely able to depend on cashflow from operations and existing cash balances to repay maturing debts. Instead, they need to complete a major refinancing
- We draw from the lessons of EC World Reit’s previous major refinancing exercise in 2019 and highlight key metrics to track closely
Before it’s here, it’s on Smartkarma
