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

The funds will be mobilised to support initiatives such as the Asean Power Grid, in collaboration with four Malaysian banks.

Gyungmin Kim is replacing Jeyhyung Rhee who is leaving the bank, while Minjib Kim will support him as a director.

Proceeds from the three-year notes will be mostly used to refinance maturing debentures.

If approved, the fund will become the first private credit infrastructure fund to be listed on HKEX. The fund invests in assets across renewables, power, utilities, data centres, telecommunications, transport, healthcare and accommodation.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.

The international arm of the Chinese mining giant has raised HK$25bn, the second biggest listing of the year.

In the long run, as China’s currency is increasingly used abroad, it will be one of the few leading global currencies, however US strength will maintain the supremacy of the US dollar, according to analysts at a Sino-German roundtable.

Bangladeshi businesses and economists are pressing the government to defer the graduation from the UN’s least developed country (LDC) status. They argue the government needs to consider the impacts on exports, tariffs, loans and patents.

Corporate issuances are increasing in the offshore Renminbi bond market, despite challenges around rates, liquidity and diversification; Hong Kong is poised to benefit.