Ashurst Advises MUFG on Landmark SGD 550 Million Singlife Financing — Market-First Structured Regulatory Capital Deal

"Ashurst advised MUFG Bank on a SGD 550 million bilateral financing for Singlife — one of the largest and a market‑first transactions in Singapore’s insurance sector. MUFG acted as sole capital structure adviser and exclusive financier; the proceeds were used to redeem SGD 550 million in subordinated notes as part of a capital restructuring after Singlife’s acquisition by Sumitomo Life, helping preserve capital strength, optimize the balance sheet, maintain credit ratings and secure long‑term funding in a volatile rate environment. Both firms praised the deal’s complexity and Ashurst’s regulatory and structuring expertise."