Debt

The HKMA and CMU Omniclear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.

The cooperation includes a new arrangement between the HKMA and AMCM to facilitate a cross-border investment channel to clear, settle, and hold bonds registered in either market; bond deals are climbing strongly in Macau.

Yuanta Securities (Cambodia) acted as the lead manager and underwriter for a transaction with three tranches worth a total of $49m; the proceeds will finance a 60MWac solar photovoltaic (PV) plant with an integrated battery energy storage system.

Phill Hall has worked across Apac on a range of international capital markets transactions, including debt issues, covered bonds and Islamic finance, including in India and Australasia.

Global investors, with the majority in Asia, participated in the deal which included five year, 10 year and 30 year senior bonds, and is the largest US dollar bond issuance in Hong Kong in the Reg S format; the funds will help drive infrastructure development.

The money raised from the 3.5% notes, due in 2030, will go towards the data infrastructure firm's green projects such as energy efficiency at its data centres across Apac; DBS, Standard Chartered, HSBC and OCBC helped secure the bond.

Jessica Li joins the global law firm as partner, Greater China DCM, in its banking and finance practice.

Studies have shown the positive correlation between having female investors or fund managers on team, and portfolio returns. Female finance leaders told FA that a diversity of experiences and skills are important in a fast-evolving sector.