Debt

All the winners of the FinanceAsia Achievement Awards 2024 across the five categories.

Chaoni Huang, at the Hong Kong Green Finance Association and BNP Paribas, tells FA that taxonomy and definition uncertainties are hampering Apac’s transition finance market, and that growing interest and standardisation attempts should help.

The three-year deal for the Singaporean bank was priced at a mid-range of 2.3% and could list on the Singapore Exchange.

Apac's largest social bond issuance will be used to finance or refinance the loans under the special 100% loan guarantee of Hong Kong's SME Financing Guarantee Scheme.

China is shifting towards manufacturing abroad as opposed to natural resources; on the other hand, Chinese overseas lending has weakened due to domestic economic concerns.

The bank expects to see increasing demand for digital bonds from the private sector.

The strategy has raised $120m of seed capital and will focus on the climate transition, initially targeting Australia, Singapore, South Korea, Japan, Hong Kong, the UK and Canada.

The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.

The Asian Infrastructure Investment Bank is an anchor investor in SPV Bauhinia 2, which contains a $107m sustainability tranche; meanwhile, the Hong Kong Mortgage Corporation will have a new CEO in December.