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Treasury & Capital Markets
The Credit Guarantee and Investment Facility (CGIF), a trust fund set up by the Asian Development Bank (ADB), supported SNC Former Public Company Limited of Thailand in its inaugural bond offering, a social bond amounting to one billion baht (US$30.4 million). CGIF provided a 100% credit wrap for the five-year bond, which was rated AAA by TRIS Rating and placed with domestic institutional investors at a competitive coupon rate of 3.10%.
1 Feb 2023
Hong Kong virtual lender ZA Bank has appointed Ronald Iu as chief executive officer and executive director, with immediate effect.
1 Feb 2023
The frontier Mekong economies of Cambodia, Laos and Vietnam face varying degrees of environmental, social and governance (ESG) risks with moderately to very highly negative impacts on their current sovereign ratings, according to Moody’s Investors Service.
1 Feb 2023
The European Investment Bank (EIB) has priced its first-ever digital bond amounting to £50 million (US$61.5 million) using a combination of private and public blockchains accessed via the HSBC Orion tokenization platform.
1 Feb 2023
One might argue that central banks’ interest rate hikes and hawkish inflation rhetoric are working: inflation expectations have stabilized in the eurozone, US and UK. But there is reason to fear that policymakers are going too far too fast, especially in Europe, where the energy crisis is eroding real disposable incomes
1 Feb 2023
The Central American Bank for Economic Integration (CABEI) has issued a 10-year blue bond amounting to 7 billion yen (US$53.7 million) and a 10-year social bond worth US$130 million to Japanese and Taiwanese institutional investors.
31 Jan 2023
Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
A resurgent tourism sector, along with its expected positive impact on domestic consumption, has raised the outlook for Thailand’s stock market this year, making it a top pick in the Asean region. Contributing to this upbeat sentiment is the performance of the country’s initial public offering (IPO) market, which raised a robust 127.84 billion baht (US$3.91 billion) in 2022, the highest in the region.
31 Jan 2023
Singapore’s TransformHub chief talks trends, wonders about investor appetite
30 Jan 2023
Citicore Energy REIT Corporation (CREIT), the Philippines’ first renewable energy real estate investment trust and the largest renewable energy landlord, on January 30 obtained the green light from the Securities and Exchange Commission (SEC) to sell its maiden Asean green bond offering.
30 Jan 2023
A careful look at US economic conditions supports the view that inflation was driven mainly by supply-side disruptions and shifts in the pattern of demand. Given this, further interest rate hikes will have little to no effect – and will cause far-reaching problems of their own
30 Jan 2023
The Asean+3 outstanding sustainable bond market topped US$598 billion in 2022, crossing the halfway mark to US$1 trillion for the first time, data from AsianBondsOnline (ABO) indicate. This represents a year-on-year (YoY) growth of 34%, slower than the 57.1% growth posted in 2021 as activity was impacted by tightening financial conditions. Compared with 2016, it represents a five-fold increase.
27 Jan 2023
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
27 Jan 2023