Funding & Investment

The US Fed has decided to cut rates to a range of 3.75% to 4% during the meeting of the Federal Open Market Committee this week.

Proceeds from the three-year notes will be mostly used to refinance maturing debentures.

Under MAS' FAST-P initiative, the aim is to build eight solar facilities and generate enough electricity to save 630,000 tonnes of CO2 emissions.

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.

This marks the fourth bond issuance from the state-owned power giant in 2025, funding an offshore wind power project in eastern China’s Shandong province. The firm’s current and quick ratios have been declining.

The transport giant, which is building several ‘mega projects’, also signed a HK$780m revolving facility with Korea Development Bank.

Slowed corporate loan activity reflects slowing domestic demand. September data will be key to reveal the impact of the government’s loan interest subsidies.

The US Federal Reserve has decided to cut interest rates by 0.25% in a meeting this week after the US created only 22,000 jobs in August, well below trend.

The funding for Green Investments Partnership was raised via FAST-P from a range of global investors; it will be invested in renewable energy, EV infrastructure, transport, water and waste management, for Southeast Asia’s energy transition; some of the projects are perceived as more risky.