If the deal is finalised, a combination of the US and UK global asset managers will control almost $2.5 trillion of assets under management; they both have offices across Apac.

Jalal Almarhoon previously worked for BNP Paribas in Saudi Arabia.

Hong Kong-based Huang was most recently executive vice president of the Hong Kong Green Finance Association.

As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.

The notes achieved the tightest pricing for five-year, Euro covered bonds from a non-EU issuer, for several years, and is the first such issuance from a Singapore bank since October 2021.

Read on to find out the winners of the Deal Awards - Asia Pacific.

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".

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.

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

Bauhinia 3 has a portfolio of 33 project and infrastructure loans across 28 projects, 12 countries and nine sub-sectors, with a value of $450.5m. HKMC issued Class D notes at non-investment grade -- a first in Asia.