Indonesia, Kexim bonds take Asia by storm

It is the first Hong Kong dollar issuance by the South Korean investment firm.

Daniel Kwon, head of the law firm's Korea capital markets practice, will take up the role on November 1.

Kyoung-Ho Kim, Citi's Korean head of corporate banking, is taking on the role.

Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.

The up to $121m bond is supported by BCA Sekuritas, BNI Sekuritas, Sucor Sekuritas and BRI; the miner is also eyeing a "transformative" acquisition to help sustainability efforts.

In addition, there is growing demand for issuance in Asia's renewables market and also for private credit, according to senior managers at the bank.