Singlife, a prominent financial services company, has partnered with MUFG Bank, Ltd. (MUFG) to finalise a bespoke S$550m financing facility, marking one of the largest transactions in Singapore’s insurance sector. The facility, announced on 24 February 2026, aims to redeem S$550m of subordinated notes, thereby optimising Singlife’s capital structure.
Following its acquisition by Sumitomo Life, Singlife conducted a thorough review of its capital structure to maintain capital strength, optimise balance sheet efficiency, and ensure long-term funding stability amidst fluctuating interest rates. MUFG, acting as the sole capital structure adviser and exclusive financier, provided a tailored financing solution to meet these objectives.
The transaction highlights MUFG’s capability in delivering integrated financing solutions within the insurance sector, a strategic focus for its corporate and investment banking division. Danny Fischer, Managing Director and Head of Solutions for APAC at MUFG, emphasised the importance of execution certainty and consistency in addressing Singlife’s evolving capital needs. “By combining structuring expertise, balance sheet capacity, and disciplined risk management, MUFG worked closely with Singlife to deliver an integrated, seamless solution,” Fischer stated.
Singlife’s Chief Financial Officer, Sumit Behl, noted that the refinancing reflects a proactive approach to capital management, reinforcing the company’s commitment to financial resilience and sustainable growth. Legal counsel for the transaction was provided by Ashurst LLP for MUFG and Allen & Gledhill for Singlife.
