FinanceAsia
WEBHKMC issues second ILBS issuance for $423m as investor demand grows. The Asian Infrastructure Investment Bank is an anchor investor in SPV Bauhinia 2, which contains a $107m sustainability tranche; meanwhile, the Hong Kong Mortgage Corporation will have a new CEO in December. September 13, 2024.
Citi completes sale of Malaysia and Thailand consumer banking …
WEBNov 8, 2022 · The latest closed deals follow the sale of Citi’s consumer banking units in Australia to NAB in June and its Philippines unit to UnionBank, in August. In total, the four completed divestitures add up to a regulatory capital benefit of over $3 billion. Citi expects to complete the sales of its Vietnam and Indonesia consumer businesses in 2023.
MBK to streamline Lotte Card as fees drop across Korea
WEBMay 27, 2019 · South Korean chaebol Lotte Corp said on Monday that it had agreed to sell 79.83% of Lotte Card, the country’s fifth largest credit card issuer, for W1.38 trillion ($1.16 billion) to a consortium comprising North Asian private equity firm MBK Partners and Woori Bank. The sale comes as cuts in credit card merchant fees will significantly lower ...
Exchanging views on crypto: Exclusive interview with Coinhako’s co ...
WEBMay 16, 2023 · From the fallout of FTX in November 2022, to the collapse of Silicon Valley Bank (SVB) and other US lenders associated with start-up clients, the last few months have been challenging for the crypto industry.
AIA buys ING’s Malaysian insurance business for $1.7 billion
WEBOctober 12, 2012. AIA has become Malaysia’s biggest insurer after paying €1.33 billion ($1.73 billion) for ING ’s insurance operations in the country. The pan-Asian insurer announced the acquisition on the same day as its third-quarter results, which showed a 22% increase in new business to a record $300 million.
AirCarbon Exchange moves to standardise carbon trading
WEBJul 5, 2022 · Singapore-based carbon trading platform, ACX, is looking to address one of the key inefficiencies in voluntary carbon markets opaque pricing. In January, it launched a new Global Emission Reduction GER contract, in partnership with environmental contract developer, Net Zero Markets, and the German-based European Energy Exchange EEX.. The exchange has seen steady trading activity since its ...
Citi seals first green deal in Chinese dairy industry
WEBFinanceAsia Editors. May 19, 2021. Citi has closed a pioneering deal in China, acting as a joint mandated lead arranger and a green loan adviser for China Mengniu Dairy in the inaugural green financing facility in the country’s dairy sector. The proceeds will be used for the production of natural organic milk and to improve the company’s ...
Second life for Asia’s secondaries market - FinanceAsia
WEBPeter Shadbolt. January 13, 2021. The Asian secondaries market the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds has had a roller-coaster decade in Asia. After severely contracting at the height of the financial crisis, the secondaries market recovered strongly in the 2010s.
Barclays exits Asia cash equities - FinanceAsia
WEBJan 21, 2016 · Barclays has become the latest in a long line of banks to pull out of the unprofitable Asian cash equities business as fierce competition and high costs make it untenable for all but the largest players and a few boutiques.. The British bank said in an email to clients on Thursday that it is closing cash equity research, sales, and trading as well as convertible bond trading across Asia.
Alibaba hires Rothschild banker as head of corporate finance
WEBOct 29, 2012 · Alibaba, China’s biggest e-commerce company, has hired former investment banker Michael Yao for a new role as head of corporate finance, according to sources.. The move, which comes after the company took its business-to-business unit Alibaba.com private earlier this year and completed the repurchase of half of Yahoo’s 40% stake last month, suggests that the group intends to remain active ...
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