Corporates across Asia and beyond are waking up to a $5.5tn Islamic finance opportunity—but many remain on the sidelines due to limited understanding of Shariah-compliant solutions.
The $110m facility for the Singapore PE firm is aimed at providing finance to firms who can provide sustainable performance targets, in addition to agriculture, healthcare, education and financial services.
The desire for greater visibility of funds is accelerating the evolution of cash pooling structures across the region. India and China are promoting themselves as locations for such activity. CT spoke with several bankers and treasurers to discover strategies.
CTF Services is looking to dispose of its shares in Shoucheng Holdings in exchange for the notes. Hong Kong has seen a spree of convertible bond issuances this year.
Maybank (Cambodia) and Bank of China supplied the syndicated loan with a 50:50 split; there is increasing demand for renewable electricity in Cambodia and across Asean.