Funding & Investment

As the Indonesian firm, which owns one of the largest gold mines in Apac, seeks to deepen its engagement with global capital markets, cornerstone investors have committed to invest $152m, representing 49.9% of the depositary receipts.

HKMC’s inaugural public digital bond is the largest digital bond issuance globally to date and the first from a public-sector entity in Hong Kong. The proceeds will be used to help support liquidity in Hong Kong's housing sector.

The 21-member group will advise on expanding bond tokenisation beyond a series of government pilots, as Hong Kong accelerates its digital financial development.

As the transport giant attracts more non-Asian investors, Hong Kong's MTR Corporation said it has entered a new phase of growth of its low-carbon railway infrastructure in Hong Kong as part of its sustainability framework.

Group treasurer Laurent Christophe said the deal highlights the attractiveness of trade receivables as an underlying asset class.

The Singapore telecoms firm is set to spend S$1.2bn on data centres, equipment and fit-outs for GPU-as-a-service facilities and AI; in February it invested in a data centre firm with KKR.

There is concern from businesses and politicians that the trade deal is harmful to many sectors, takes away flexibility, and hands the US many benefits; the government is also trying to renegotiate a multi-billion dollar loan with the IMF, which insists many reforms are needed.

As the war in Iran drags on, the Small Industries Development Bank of India has been handed a capital infusion to improve credit flow to MSMEs in rural areas, support technology initiatives and to partner with local banks.

Digital Edge has closed its first $575m HoldCo financing as the data centre firm expands its footprint across South Korea, Japan, India and Southeast Asia; the deal, which swiftly follows a $880m green loan in Thailand, has a feature to convert into a SLL.

Philip Kam, APLMA's CEO, believes that SLLs shouldn't "drown businesses in paperwork".

From the use of antibiotics, to biodiversity, to battery makers, to data centres, to shipping, the region's firms are teaming up with banks to help support a wide range of sustainability efforts with clearer targets.

The drawdown loans for Central Yards on Hong Kong Island are for HK$50m from Hang Seng Bank and HSBC, respectively; the focus will be on urban biodiversity restoration and conservation.