Debt

With the first digital bond issuance in the region for Olam International, not only has SGX cut settlement to two days, it could now become Asia’s fixed income hub for bond issuers.

The music platform shrugged off souring relations between China and the US, and hit all of the right notes with its two-part bond deal.

The bank is Australia’s first to sell a bond linked to the UN’s sustainable development goals. It also helps with capitalisation in the event of another banking crisis.

While multilateral agencies have long invested along ESG lines, the first green bond in Kazakhstan and private equity demand in Uzbekistan show that it is going mainstream.

With Mayooran Elalingam and Haitham Ghattas running the origination and advisory franchise, the bank intends to focus on China, India and Australia.

The steepness of its curve lures offshore investors to the Australian Office of Financial Management’s fourth benchmark issue since the outbreak of the coronavirus pandemic.

The rationale for the winners in Taiwan, Thailand and Vietnam.

The rationale for the winners in Singapore, South Korea and Sri Lanka.

The rationale for the winners in Malaysia, Mongolia, Myanmar, Pakistan and the Philippines.