The five-year sustainability-linked refinancing consolidates several loan facilities into a single, multi-currency structure across multiple funding currencies; the Apac property firm wants to grow its core logistics and data centre businesses.
The $40m funding for South Asia Gateway Terminals, including from HSBC, aims to improve twin-lift ship-to-shore cranes which will help increase productivity, improve operational reliability and reduce energy use.
Ant Group and Alibaba Group participated in the funding round, with proceeds earmarked for the fintech firm’s global expansion and innovation in cross-border payments and financial services.
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.
The sustainability linked financing covers greenfield and operational assets across Australia, Hong Kong, Malaysia and Singapore, and involved a consortium of 60 banks. The financing comes after Blackstone and CPPIB's acquisition of the group last year.
The Hong Kong Export Credit Insurance Corporation is seeking collaboration with more finance firms to address funding issues; mainland China, Japan, Asean, the EU and the US are target markets.
A collaboration between Vemanti, Finastra and Lendscape will expand the financing solutions on offer to Southeast Asia’s community of SMEs. The launch of a new digital bank is set to follow.