Ruminant Biotech, a New Zealand-based tech business looking to reduce methane emissions from pasture-based livestock, has raised around $9.5m in a Series A fundraising.

Despite criticism, Roushana Sjahsam, Asean senior board adviser at investment firm Zagga, argues private credit is an emerging asset class for defensive, yield-seeking investors, who want diversification, stable income, and portfolio resilience.

It is the group's largest public IABS issuance to date and its first in the Rule 144A/Reg S format with US onshore investors involved. Clifford Capital's group CEO told FA the deal "reflects the growing interest and appetite in infrastructure returns from institutional investors".

Read on to find out the winners of FAAA's House Awards - Asia Pacific.

The structure of the bonds allows Chinese corporates to raise funds in multiple currencies with an onshore issuance. The Yulan bond market is still small.

Hong Kong’s financial secretary Paul Chan described the government's issuance of a third digital green bond as "reflecting the market support for tokenised products". The many times oversubscribed issuance had a large range of global investors.

Hong Kong-based Anoop Chaudhry will lead the Asia Pacific power, utilities, and infrastructure group at the global bank.

Debt issuance was capped at $15bn the previous year.

Emerging markets are fuelling the rise of stablecoins. New regulations mean that more institutions are tapping greater distribution that could reshape global finance, including in Apac.

The funds will be mobilised to support initiatives such as the Asean Power Grid, in collaboration with four Malaysian banks.