The Singaporean bank continues its diversified funding strategy, achieving tight pricing for a five-year tenor. The majority of investors came from Australia, New Zealand and Asia.

The digital bank, which has operations in China, Hong Kong and Indonesia, is looking at M&A opportunities and developing artificial intelligence agents, with the debt and equity fundraise.

Tonik is the first digital-only bank in the Philippines with a banking licence from the BSP. Ukraine's Diligent Capital Partners, which is leading the pre-Series C funding round, has backed founder Greg Krasnov before.

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".

The loan will finance Thaicom's Space Tech Innovation’s contract with France’s Airbus Defence & Space to manufacture a software-defined high throughput satellite.

Asia's listed firms must raise their corporate governance to improve market conditions, as international investors continue to eye the US stock market, the Asian Corporate Governance Association has warned.

Three judges at the US Court of International Trade have argued the Trump administration has exceeded its authority over tariffs; the judgment, which came after 12 states filed a lawsuit, has been appealed and the decision temporarily paused by another court.

Standard Chartered is providing full FX services with more services expected in Q4; FA understands that FalconX will partner with more banks soon.

The agreement, which will reduce tariffs across billions of dollars of goods, comes after three years of talks.