Debt

Shilpa Gulrajani, DBS' head of sustainable finance, institutional banking, offered her thoughts on how capital markets are aligning with the region’s transition needs, including green loans and blended finance, on the sidelines of Ecosperity Week.

The issuance from the Hong Kong conglomerate, formerly known as NWS Holdings, was to finance the redemption of its outstanding offshore capital securities by its subsidiary.

The strategy, known as the Libra Hybrid Capital Fund, is backed by Asian sovereign wealth funds, and is aiming to help firms develop their technology and automation capabilities.

A new loan for the Chinese conglomerate included a greenshoe option and involved Chinese and international banks.

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.

The cooperation includes a new arrangement between the HKMA and AMCM to facilitate a cross-border investment channel to clear, settle, and hold bonds registered in either market; bond deals are climbing strongly in Macau.

Yuanta Securities (Cambodia) acted as the lead manager and underwriter for a transaction with three tranches worth a total of $49m; the proceeds will finance a 60MWac solar photovoltaic (PV) plant with an integrated battery energy storage system.

Phill Hall has worked across Apac on a range of international capital markets transactions, including debt issues, covered bonds and Islamic finance, including in India and Australasia.