Off-balance sheet income is driving global banks’ Q3 earnings, a McKinsey report has found, but to sustain growth momentum, Asia’s institutions will need to overhaul inefficiencies.
The $930 million facility has been arranged against the firm’s real estate portfolio, marking the largest loan of its kind to Australia’s logistics and industrial sector.
Gokul Laroia speaks exclusively to FinanceAsia about his 26-year career at the bank and his strategic vision for the future of its Asia Pacific presence.
Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.
The technology giant has sold a $6 billion four-tranche bond which pushes its curve out to 40 years as it plans massive investment in technology infrastructure.
The international hunt for yield has helped the Philippines sell its largest-ever offshore bond, but despite a ratings upgrade by S&P, it must balance fiscal easing with a balanced currency.