China finds support in Europe

The package from seven banks will bolster the Singapore operator’s data centre expansion in Johor.

China's decision to visit the capital markets with a 144a bond, the region's largest sovereign issuance this year, has paid off just as its economy is emerging from the Covid-19 gloom.

Beijing-based Jim Wang is leading the subsidiary of Standard Chartered Bank (Hong Kong).

Bank of China has tapped the European bond market to finance steel projects in Hebei province, in a first of a kind issuance involving a financial institution.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

The Singaporean tech firm's $1.49bn deal will boost its financial services arm across five markets.