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.
The funds were raised to further support the firm’s cleaner energy supply to remote mining sites across Australia; this is the first debt fundraising from Octa Group.
The Australian iron ore giant is looking to decarbonise from proceeds raised by the transaction; the landmark deal comes as the US steps back from green investing.
Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.
The Hong Kong property developer secured the deal with a consortium of international, Chinese and local banks; the company cited "challenging" market conditions in mainland China and Hong Kong as 2024 profits fell 25%.
The deal marks the first facility arranged in Asia’s syndicated loan market to combine both green and sustainability-linked features, and the first such issuance by a Chinese multinational.
The region’s private credit markets are emerging as the next big opportunity for investors who are searching for higher yielding assets, and Singapore start-up, Kilde, is making a unique play for this under-tapped asset class.