Citic Telecom boosted by Macau acquisition

The company's $400 million bond offering leads to speculation that the company may soon win approval for its Harbour Mile residential project.

The Hong Kong-listed telecom services provider seeks to raise at least $235 million from the fully-underwritten deal.

As GBA ties grow, Shenzhen's government has issued Rmb4bn of bonds in Hong Kong, and Rmb1bn via a Macau sustainable bond.

Hong Kong-based William Si-Tu will lead the origination and execution of investment banking activities in the region across the technology, media and telecom sector, including AI.

Simultaneously paying dividends while funding new investments into tourism and leisure is placing considerable strain on casino balance sheets in Macau – a bet many of them seem willing to take.

The alternative investment giant tells FA that it wants to triple its real estate AUM across Apac, and is bullish on residential, commercial and AI-related assets.