Bogd Bank has increased its debut international notes to $100m, while the Development Bank of Mongolia has expanded its new bond to $750m, highlighting growing offshore investor interest in the frontier market’s financial institutions.
India’s largest mutual fund manager was oversubscribed but made a modest debut, as Reliance Jio and NSE prepare to go public; however, higher oil prices could weigh on investor demand.
The deal marks the HKMC’s first infrastructure financing securitisation. It could act as a catalyst for development of this nascent asset class in Asia, as the region strives to bridge a $1.7 trillion annual infrastructure financing gap.
Linklaters partners discuss the dealmaking landscape that supports Hong Kong’s status as preferred regional fundraising hub. Former SFC decision-maker, Roger Cheng, is set to join the team from August.