Debt

Andrew Cross, CFO at the Beijing-based infrastructure bank, shared his views on private capital mobilisation, high interest rates, sustainabilty bonds, and the attraction of Hong Kong as a fundraising destination; the AIIB is looking to deploy $75bn by 2030.

The funds have been raised to meet MTR’s growing spending needs for upcoming railway and real estate projects.

The proceeds from institutional investors will be primarily used to support the Luang Prabang Hydroelectric Power Project in Laos.

The bonds' five tranches raised HK$27bn, with the 30-year HKD infra bond being the longest tenor of a HKD-denominated government bond; the issuances are set to extend the HKD benchmark yield curve.

Amid volatility, dollar weakness, and high government debt, the global fixed income market is poised for a bumpy reset with more instruments in Asia to benefit, according to Andrew Jackson, head of investments and head of fixed income boutique, at Vontobel.

The Rmb2.5bn 2.0% notes are the German carmaker’s third onshore Renminbi bond issuance. The company told FA that the move is part of its funding diversification efforts.

The financing will help Manipal Education and Medical Group with its corporate expansion; India is a "priority" market for KKR's credit strategy.

The ETF, launched with BOCHK Asset Management, will track the iBoxx Tadawul Government & Agencies Sukuk Index; global sukuk issuance neared $200bn in 2024.

Shilpa Gulrajani, DBS' head of sustainable finance, institutional banking, offered her thoughts on how capital markets are aligning with the region’s transition needs, including green loans and blended finance, on the sidelines of Ecosperity Week.