Singapore households should remain prudent amid global risks: MAS

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SINGAPORE: The risks to households in Singapore are expected to be contained, but the sector should continue to exercise prudence, the Monetary Authority of Singapore ( MAS ) said on Wednesday ( Nov 27 ).

According to the regulator and central bank’s monthly fiscal stability review, households have solid financial buffers, and stable income growth and mortgage rates have been helped by debt servicing ability.

Additionally, it noted that households ‘ liquidity levels have improved, with increases in income and deposits outpacing home liabilities overall.

The personal housing market has been stabilising, so property price volatility danger may be contained.

” However, given the heightened political risks and trade conflicts in the macrofinancial environment, families should continue to exercise caution in their financial control”, MAS said.

HOMEHOLDS ARE QUICK TO SERVICE DEBTS.

Though household debt increased in the past month, economic assets grew faster, the statement said.

Cover loans, which are secured by home collateral, account for about three-quarters of all household debt.

In comparison to the same time last year, excellent housing mortgages increased by 1.6 % in the third quarter. Borrowers ‘ ability to refinance their existing mortgages was generally accounted for by higher interest rates.

Families continue to be able to pay their debts.

According to MAS, a stress test on households, assuming an immediate increase in mortgage rates to 5.5 % and a 10 % increase in income are both evidence that debt servicing capacity is sufficient to withstand adverse shocks.

In such a situation, a small number of highly leveraged loans would be in danger, while over 90 % of households would be able to pay their mortgages. However, these loans may not have any simulation-compliant cash buffers or Central Provident Fund benefits.

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Meet to focus on Chiang Mai flood recovery

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In: South-East Asia

PUBLISHED: 27 Nov 2024 at 04: 54

Chang Klan Road in Muang Chiang Mai was inundated in September. (Photo: Public Relations Department)
In September, Muang Chiang Mai’s Chang Klan Road was flooded. ( Photo: Public Relations Department )

In order to restore Chiang Mai to its natural state following major storms, Prime Minister Paetongtarn Shinawatra may keep her second mobile cabinet meeting in Chiang Mai under the heading” From Flood To Flourish.”

The repair project has been allocated a 256 million baht funds, with proposals from the Chiang Mai business area.

According to government official Jirayu Houngsub, Ms. Paetongtarn is preparing to travel to Chiang Mai and Chiang Rai, two counties that have recently experienced flooding. From November 28 through December 1, she will chair her earliest mobile cabinet meeting and lead official inspection trips it.

Ms Paetongtarn’s attend to the top North may focus on pressing issues, including monitoring the problems of cloud and forest fire smoke, as well as PM2.5 good dust pollution, which is widespread during the great season in the North. The boundary drug trafficking will also be on the agenda for the meeting.

Tourism development after the floods will be higher on the agenda as well. Due to the floods, the market experienced a setback, and visitor confidence needs to be restored, which will help to revive the area’s economy.

On November 29, Chiang Mai will host the portable cabinet meeting.

Through 18 tasks, including path repairs and the re-landscaping of flood-stricken areas, one of the therapy proposals is to rebuild and strengthen basic infrastructure. Additionally, hillside structure protection developments and spillway gates that control the flow of water need to be fixed.

Five hospitality restoration initiatives are in progress, including making Chiang Mai a world heritage city and conducting additional tourism promotion initiatives.

In addition, reduction measures have been suggested to help flood victims, including extending the deadlines for paying business income and rate increases for land and building taxes, suspending loan and interest payments, removing import duties for equipment parts and components, removing electricity and tap waters fees for disturbed businesses, and social security measures.

In his capacity as director of the disaster operations center, deputy prime minister Phumtham Wechayachai claimed a working group had already planned a long-term solution for flooding and landslides in the North.

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Meet to focus on Chiang Mai recovery

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In: South-East Asia

PUBLISHED: 27 Nov 2024 at 04: 54

Chang Klan Road in Muang Chiang Mai was inundated in September. (Photo: Public Relations Department)
In September, Muang Chiang Mai’s Chang Klan Road was flooded. ( Photo: Public Relations Department )

In order to restore Chiang Mai to its natural state following major storms, Prime Minister Paetongtarn Shinawatra may keep her second mobile cabinet meeting in Chiang Mai under the heading” From Flood To Flourish.”

The repair project has been allocated a 256 million baht resources, with proposals from the Chiang Mai business area.

According to government official Jirayu Houngsub, Ms. Paetongtarn is preparing to travel to Chiang Mai and Chiang Rai, two counties that have recently experienced flooding. From November 28 through December 1, she will chair her earliest mobile cabinet meeting and lead official inspection trips it.

Ms Paetongtarn’s attend to the top North may focus on pressing issues, including monitoring the problems of cloud and forest fire smoke, as well as PM2.5 good dust pollution, which is widespread during the great season in the North. The boundary drug trafficking will also be on the agenda for the meeting.

Tourism campaign after the floods will be higher on the agenda as well. Due to the floods, the market experienced a setback, and visitor confidence needs to be restored, which will help to revive the area’s economy.

On November 29, Chiang Mai will host the smart cabinet meeting.

Through 18 tasks, including path repairs and the re-landscaping of flood-stricken areas, one of the therapy proposals is to rebuild and strengthen basic infrastructure. Additionally, hillside structure protection developments and spillway gates that control the flow of water need to be fixed.

Five hospitality restoration initiatives are in progress, including making Chiang Mai a world heritage city and conducting another tourism promotion initiatives.

In addition, reduction measures have been suggested to help flood victims, including extending the deadlines for paying business income and rate increases for land and building taxes, suspending loan and interest payments, removing import duties for equipment parts and components, removing electricity and tap waters fees for disturbed businesses, and social security measures.

In his capacity as director of the disaster operations center, deputy prime minister Phumtham Wechayachai claimed a working group had already planned a long-term solution for flooding and landslides in the North.

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FinanceAsia Achievement Awards 2024: the winners | FinanceAsia

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FinanceAsia ‘s&nbsp, annual Achievement Awards recognise excellence across the divers financial markets of Asia Pacific ( Apac ) and the Middle East.

The Achievement Awards, which span five distinct categories, include Deal Honors for Apac and the Middle East, House Awards for Apac and the Middle East, and our Dealmaker Poll, show the achievements of major players in these areas as well as those who have shown commitment to their industry.

We’re pleased to announce that the judging process for this year’s awards has now come to an end after receiving almost 1, 000 submissions from our Advisory Board of external specialists and the help of our editorial staff.

Below are the types and winners’ respective links. &nbsp,

The logic behind success collection will get published in our upcoming&nbsp, FinanceAsia&nbsp, reports. Please call the&nbsp, FinanceAsia staff if you have any concerns. &nbsp,

You see all the winners below: &nbsp,

FinanceAsia Achievement Awards 2024: Apac’s best talks

FinanceAsia Achievement Awards 2024: Middle East’s best offers

FinanceAsia Achievement Awards 2024: Dealmaker Poll finalists

FinanceAsia&nbsp, Achievement Awards 2024: Apac’s best funding homes

FinanceAsia&nbsp, Achievement Awards 2024: Middle East’s best funding houses

¬ Capitol Media Limited. All rights reserved.

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How Trump plans to seize the power of the purse from Congress – Asia Times

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In: Asia

This content was originally published by ProPublica, a Pulitzer Prize-winning analytical newspaper.

Donald Trump has a bold plan to cut a number of federal service as he enters his second term. Trump and his supporters intend to challenge an obscure legal theory that states that presidents have broad authority to deny funding from programs they oppose rather than relying on his side’s control of Congress to reduce the budget.

” We can essentially drown off the money”, Trump said in a 2023 plan picture. It was undeniable that the leader had the legal authority to halt unneeded spending for 200 times under our system of government.

His plan, known as “impoundment”, threatens to inspire a big fight over the boundaries of the government’s power over the finances. The professional branch’s responsibility is to effectively distribute the funds, whereas the Constitution grants Congress the ultimate authority to do so. However, Trump and his experts claim that if he opposes or thinks they waste money, he can unilaterally disregard Congress ‘ spending decisions and “impound” resources.

Trump’s models on the funds are part of his administration’s larger strategy to consolidate since much energy in the professional tree as possible. He pressed for the Senate to go into corner this month to assign his government without any supervision. Republicans in charge of the room have so far declined to do so. His key experts have spelled out plans to bring independent organizations, such as the Department of Justice, under democratic control.

If Trump were to veto congressionally authorized programs, it would almost certainly spark a battle in the courts and Congress, according to experts, and it would ultimately affect the foundation of Congress.

Eloise Pasachoff, a Georgetown Law teacher who has written about the national finances and appropriations process, said,” It’s an effort to take the full power of the purse apart from Congress,”” but that’s just not the legal design.” The president is not permitted to “pull out the things he does n’t want” and “go into the budget” slowly.

Trump’s claim to have impoundment power is in contravention of a Nixon-era law that forbids presidents from cutting spending and a number of federal court decisions that forbid presidents from repressing spending without the consent of Congress.

Elon Musk and Vivek Ramaswamy, the newly established non-governmental Department of Government Efficiency, announced in an op-ed published on Wednesday that they planned to reduce federal spending and fire civil servants. Some of their efforts could result in Trump taking his first Supreme Court appearance under the post-Watergate Congressional Budget and Impoundment Control Act, which requires the president to spend money that only the people who vote vote to receive it. The law allows exceptions, such as when the executive branch can spend less money to accomplish Congress ‘ objectives, but not as a means for the president to sabotage initiatives he opposes.

Trump and his supporters have been leaking their plans for a hostile budgeting process for months. In his campaign video, Trump criticized the 1974 law as” not a very good act” and said,” Bringing back impoundment will give us a crucial tool to obliterate the Deep State.”

Musk and Ramaswamy have seized that mantle, writing,” We believe the current Supreme Court would likely side with him on this question”.

Thanks to former Trump administration employees who continue to be his close allies, the once-obscure debate over impoundment is in high demand in MAGA circles. Russell Vought, Trump’s former budget director, and Mark Paoletta, who served under Vought as the Office of Management and Budget general counsel, have worked to popularize the idea from the Trump-aligned think tank Vought founded, the Center for Renewing America.

On Friday, Trump announced he had picked Vought to lead OMB again. In a statement, Trump said,” Russ knows exactly how to end the Weaponized Government and bring about the return of self-government to the people.”

Vought was also a prominent figure in Project 2025, which was highly contested. Vought boasted in private remarks to a gathering of MAGA luminaries that ProPublica identified as having assembled a” shadow” Office of Legal Counsel so that Trump is fully prepared for his agenda on day one.

According to Vought,” I do n’t want President Trump to lose a moment of time in legal, doable, or moral debates in the Oval Office.”

Vought and Trump spokespeople did not respond to requests for comment.

Trump’s potential to swob inordinate control of federal funds is not just about reducing the size of the federal government, a long-standing conservative goal. Additionally, it aggravates existing concerns about his vengeance promises.

A similar power grab led to his first impeachment. Trump pressured President Volodymyr Zelenskyy to launch a corruption investigation into Joe Biden and his family while holding up nearly$ 400 million in military aid to Ukraine during his first term. In the end, the US Government Accountability Office determined that his deeds were in violation of the Impoundment Control Act.

Pasachoff predicted that the incoming Trump administration would attempt to accomplish the impoundment goals without choosing a fight with such a high profile.

According to Bobby Kogan, a former OMB adviser under Biden and senior director of federal budget policy at the left-leaning think tank American Progress, Trump used piecemeal methods to withhold federal funding in order to punish his perceived enemies. Trump delayed or refrained from signing disaster declarations that would have opened up federal aid because neither state had voted for him after the devastating wildfires in California and Washington. He focused on so-called sanctuary cities by limiting local law enforcement’s capacity to support mass deportation efforts. In the end, the policy was withheld by the Biden administration.

According to Trump and his supporters, Thomas Jefferson was the first to impound the president’s long history.

According to Zachary Price, a professor at the University of California College of the Law in San Francisco, the military and instances where presidents were expressly permitted to use discretion are the most prominent historical examples. For instance, Jefferson made the decision to not use the money that the law authorized him to use to fund” a sum not exceeding fifty thousand dollars” to fund gunboats, which authorized him to do so.

President Richard Nixon took impoundment to a new extreme, wielding the concept to gut billions of dollars from programs he simply opposed, such as highway improvements, water treatment, drug rehabilitation and disaster relief for farmers. Both the courts and Congress overwhelmingly opposed him. In the end, the Supreme Court and more than a half-dozen federal judges decided that Nixon had no authority to cut specific programs under the appropriations bills.

Vought and his allies argue the limits Congress placed in 1974 are unconstitutional, saying a clause in the Constitution obligating the president to “faithfully execute” the law also implies his power to forbid its enforcement. Trump likes to say that Article II, where this clause is located, grants him” the right to do whatever I want as president.”

The Supreme Court has never directly questioned constitutionality in regards to impoundment. But it threw water on that reasoning in an 1838 case, Kendall v US, about a federal debt payment.

” To contend that the obligation imposed on the President to see the laws faithfully executed, implies a power to forbid their execution, is a novel construction of the constitution, and entirely inadmissible”, the justices wrote.

During his cutting spree, Nixon’s own Justice Department argued roughly the same.

In a 1969 legal memo, Nixon later appointed the Office of Legal Counsel, William Rehnquist, warned that” we must come to the conclusion that the existence of such a broad power is supported by neither reason nor precedent.”

To receive news like this in your inbox, sign up for ProPublica’s The Big Story newsletter.

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Vietnam death row tycoon begs court for her life

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A Vietnamese property tycoon who was imprisoned to death for a multi-billion-dollar fraud begged a court to spare her life on Tuesday ( Nov 26 ), claiming she was attempting to pay back the stolen funds. One of the biggest problem instances in history, residence designer Truong My Lan, 68,Continue Reading

FinanceAsia Achievement Awards 2024: Apac’s best deals revealed | FinanceAsia

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In: Asia, Finance, South-East Asia

Excellence in Asia’s financial markets is recognized annually with our Success Awards. Our Achievement Awards, which span two crucial categories– Package Awards and House Awards– emphasize the achievements of key players in the Asia-Pacific and Middle East who have demonstrated dedication to their industry.

We’re pleased to announce that the judging process for this year’s awards has now come to an end after receiving almost 1, 000 submissions from our Advisory Board of external specialists and the help of our editorial staff.

Please consider below a list of this week’s victors of the&nbsp, Deal Awards- Apac&nbsp, type.

The logic behind success collection will get published in our upcoming&nbsp, FinanceAsia reports. It is not a comprehensive list because we have listed the participants who participated based on research and awards entries. Please call the&nbsp, FinanceAsia group if you have any concerns. &nbsp,

North Asia = Japan, South Korea, Taiwan&nbsp,

South Asia = India, Pakistan, Bangladesh, Sri Lanka

Southeast Asia = Indonesia, Malaysia, Philippines, Thailand, Vietnam

 

&gt, BEST BOND DEALS &lt,

AUSTRALIA / NEW ZEALAND

CSL Financial’s$ 1.25 billion dual-tranche 144A/Reg S top giving

Members: Citi, Bank of America, JP Morgan, HSBC

Highly commended: AOFM’s invitational$ 7 billion efficient government bond

Members: &nbsp, Commonwealth Bank of Australia, Deutsche Bank, National Australia Bank, UBS, Australia Branch, Westpac Banking Corporation

Chinese- Abroad

3-year, responsible dim-sum bond issued by Jingzhou Municipal Urban Development Holding Group

Members: &nbsp, Bank of China, Caitong International, Industrial Securities, CSC Financial, CITIC Securities, CMB Wing Lung Bank, CMBC Capital, CNCB Investment, Guolian Securities, Guoyuan International, Haitong International, ICBC International, Shanghai Pudong Development Bank, Shenwan Hongyuan Securities, SPDB International, TF worldwide, CICC

Chinese- Inland

National Bank of Canada’s Rmb5 billion 2-year tiger relationship release

Members: Standard Chartered, Deutsche Bank, DBS, CITIC Securities, CMB Securities

Highly commended: China Baowu Steel Group’s Rmb10 billion business relationship release

Members: CITIC Securities, Guotai Junan Securities, Shenwan Hongyuan Securities, CICC

&nbsp, HONG KONG Radar / APAC

HKSAR’s USD&amp, EUR&amp, CNH multi-currency natural tie giving

Members: Crédit Agricole, HSBC, Citi, JP Morgan, BNP Paribas, BofA, Morgan Stanley, UBS, Mizuho, Bank of China Hong Kong, ICBC Asia, Bank of Communications, Standard Chartered

Highly commended: ILBS 2 by Bauhinia

Members: Hong Kong Mortgage Corporation, CICC, ING Bank, MUFG, Natixis, Standard Chartered

NORTH ASIA

LG Electronic’s$ 500 million 144A/Reg S 3-year and$ 300 million 5-year two round

Members: BNP Paribas, Citi, HSBC, JP Morgan, Korea Development Bank, Standard Chartered

SINGAPORE

Exams ‘$ 500 million unprotected fixed rate documents due 2029

Members: DBS, BNP Paribas, MUFG, OCBC, HSBC

Highly commended: Yinson Production’s$ 500 million older secured 5-year relationship release

Members: Standard Chartered, Holman Fenwick Willan, Stephenson Harwood, collaboration of 13 loans

SOUTH ASIA

Kashf’s PKR2.5 billion female connection release

Members: Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

SOUTHEAST ASIA

SOUTHEAST ASIA/ PHILIPPINES

Maynilad Water Services PHP15 billion orange ties

Members: BPI Capital, BDO Capital &amp, Investment, First Metro Investment, East West Banking

&nbsp, MALAYSIA / HIGHLY COMMENDED ( SOUTHEAST ASIA)

Asean Green moderate term papers under RM500 million Exio Logistics clean centers

Members: Hong Leong Investment Bank

HIGHLY RECOMMENDED ( SOUTHEAST ASIA) THAILAND

Minor International’s THB billion securities via private location

Members: Standard Chartered, Bangkok Bank, Bank of Ayudhya Public Company, Kasikornbank, Krungthai Bank, Kiatnakin Phatra Securities, The Siam Commercial Bank

INDONESIA

Republic of Indonesia$ 2.05 billion international bond giving

Participants: ANZ, BofA Securities, Deutsche Bank ( Singapore ), Morgan Stanley, UBS ( Singapore ), BRI Danereksa Sekuritas, Trimegah Sekuritas Indonesia, Mayer Brown

VIETNAM

Hai An Transport and Stevedoring JSC’s VND500 billion foldable relationship

Members: SSI Securities

 

&gt, BEST EQUITY DEALS &lt,

AUSTRALIA / NEW ZEALAND

A$ 1.435 billion block trade in Worley

Members: Citi, Goldman Sachs, Allens

Highly commended: Treasury Wine Estate’s A$ 825 million Paitreo to support get DAOU Vineyards

Members: UBS, Macquarie Capital

Chinese- Abroad / APAC

Alibaba’s$ 5 billion convertible bond &nbsp,$ 1.2 billion parallel stock purchase

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

Highly commended: &nbsp, Lotus Tech’s company mixture with L Catterton, people listing in the US through a De-SPAC design, approximately$ 880 million of personal investment in public equity funding and convertible information

Members: Han Kun Law, Skadden, Kirkland &amp, Ellis, Fangda Partners&nbsp,

Chinese- Inland 

Sinopec’s A-share personal position

Members: CICC, Guangfa Securities, CITIC Securities

HONG KONG Radar

Zhejiang Expressway’s HK$ 6.7 billion &nbsp, right issue

Members: BNP Paribas, DBS, CLSA, CICC, Zheshang International

Alibaba’s$ 5 billion convertible bond $ 1.2 billion parallel share buyback

 

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

SINGAPORE

Personal position and preferred giving for CapitaLand Integrated Commercial REIT for S$ 1.1 billion

Members: United Overseas Bank, JP Morgan, Venture Law, Allen &amp, Gledhill

Highly commended: Reverse&nbsp, takover of 3Cnergy by DTP Inter Holdings Corporation for a consideration of approximately S$ 443.8 million &nbsp,

Members: PrimePartners Corporation Finance, Allen &amp, Gledhill LLP

SOUTH ASIA

JSW Energy’s$ 600 million qualified administrative position

Members: Jefferies India, Khaitan &amp, Co, Shardul Amarchand Mangaldas &amp, Co

Highly commended: &nbsp, Vodafone Idea’s$ 2.15 billion follow-on open offering of capital stock

Members: Axis Capital, Jefferies, SBI Capital, Sidley Austin, Cyril Amarchand Mangaldas &amp, Co, AZB &amp, Lovers

SOUTHEAST ASIA

Bursa Malaysia Offering for Johor Plantations Group

Members: RHB Investment Bank, AmInvestment Bank, CIMB Investment Bank, CLSA Singapore, CLSA Securities Malaysia, Affin Hwang Investment Bank

Highly commended: &nbsp, San Miguel Corporation’s PHP34 billion preferred shares&nbsp,

Members: &nbsp, SB Capital, Bank of Commerce, BDO Capital &amp, Investment, China Bank Capital, Asia United Bank, Bank of Commerce, BPI Capital, Land Bank of the Philippines, PNB Capital and Investment, RCBC Capital, Union Bank of the Philippines

 

&gt, BEST INFRASTRUCTURE DEALS &lt,

AUSTRALIA / NEW ZEALAND

Blackstone’s merger of Airtrunk

Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Highly commended: Contact Energy’s suggested merger of Manawa Energy

Members: UBS New Zealand, Cameron Partners/Rothschild &amp, Co, Lazard Australia, Bell Gully, Harmos Horton Lusk

Chinese- Inland

CAMC-China Resources TBEA Renewable Energy’s Closed-end Infrastructure Securities Investment Fund

Members: CITIC Securities, China Asset Management, Agricultural Bank of China, Zhong Lun Law Firm

HONG KONG Radar

ILBS 2 by Bauhinia

Members: CICC, ING Bank, MUFG, Natixis, Standard Chartered

SINGAPORE / APAC

Yinson Boronia Movie’s annual project relationship with a$ 1.035 billion Top Secured Notes expected 2042

Members: Santander, Citi, Norton Rose Fulrbright, Cescon Barrieu

Highly commended: Stonepeak’s very structured preferred corporate investment into AGP Sustainable Real Assets

Members: Sidley Austin, Clifford Chance, King &amp, Wood Mallesons, Shardul Amarchand Mangaldas &amp, Co, NautaDutilh, Burness Paull, WongPartnership, Setterwalls Advokatbyra&nbsp,

SOUTH ASIA

AdaniConneX’s$ 1.44 billion Sustainability-Linked Project Finance for an under-construction information centre investment in India

Members: ING Bank, Intesa Sanpaolo, KfW IPEX, MUFG, Natixis, Standard Chartered, Societe Generale, SMBC

SOUTHEAST ASIA

SOUTHEAST ASIA/ INDONESIA

ADIA and APG’s acquisition of a 53.5 % stake in Rafflesia Investasi&nbsp,

Members: Rothschild &amp, Co

&nbsp, PHILIPPINES / HIGHLY COMMENDED ( SOUTHEAST ASIA)

New NAIA Infrastructure Corporation’s PHP80 billion syndicated name loan service

Participants: Bank of Commerce, BDO Capital &amp, Investment, Asia United Bank, China Bank Capital, SB Capital Investment, BDO Unibank, China Banking, Development Bank of the Philippines, Security Bank

MALAYSIA

Worldwide Holdings ‘ RM999 million syndicated clean leasing facility

Members: Maybank Investment Bank

VIETNAM

Petrovietnam Power’s XNhon Trach 3&amp, 4 Energy Flower

Members: Citi, ING

 

&gt, BEST Offering &lt,

Chinese- Abroad

J&amp, T Express ‘$ 500 million identifying on HKEX

Participants: CICC, Morgan Stanley, Bank of America Securities, UBS AG ( HK), CCB International Capital, CMB International Capital, Huatai Financial, BOCI Asia, ABCI Capital

Chinese- Inland 

Grandtop Yongxing’s Rmb2.43 billion Offering

Members: CITIC Securities, Guotai Junan Securities

HONG KONG Radar /APAC

Super Hi’s double list on Nasdaq

Members: Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Event

Highly commended: &nbsp, QuantumPharm’s identifying on HKEX

Members: CLSA, CITIC Securities, CICC, Jefferies, Deutsche Bank, CMB International, Sidley Austin, Fangda Partners, Herbert Smith Freehills, JunHe, PwC

NORTH ASIA

Kokusai Electric ‘s&nbsp, ¥124.5 billion ($ 831.7 million ) &nbsp, listing on Tokyo Stock Exchange

Participants: KKR ( GP), Mitsubishi UFJ Securities

SOUTH ASIA

NRB Bank’s BDT1 billion naming in Bangladesh

Members: UCB Investment, Shahjalal Equity Management

Highly commended: OLA Electronic’s list in India

Members: Kotak Mahindra Capital, Citi, BofA Securities, Goldman Sachs, Axis Capital, ICICI Securities, SBI Capital Markets, BOB Capital Markets

SOUTHEAST ASIA

Speed Mart Retail Holdings RM13.9 billion Investor on Bursa Malaysia

Members: CIMB, Affin Hwang Investment Bank, RHB Investment Bank, Lee Choon Wan &amp, Co

Highlgy commended: Johor Plantations Group’s RM735 million Offering on Bursa Malaysia

Members: RHB Investment Bank, Latham &amp, Watkins, AmInvestment Bank, CIMBC Investment Bank, CLSA Singapore, CLSA Securities Malaysia, Affin Hwang Investment Bank

 

&gt, BEST ISLAMIC FINANCE DEALS &lt,

SINGAPORE

Wealthy Pink’s S$ 2.7 billion normal expression product and Muslim Murabahah features

Members: DBS Bank, Malayan Banking Singapore branch, Sumitomo Mitsui Banking Corporation Singapore branch, United Overseas Bank ( UOB), Allen &amp, Gledhill

SOUTH ASIA

Islamic Bank Bangladesh ‘s&nbsp, BDT8 billion Mudaraba convertible, non-convertible, unsecured subordinated bond

Members: UCB Investment

SOUTHEAST ASIA

SOUTHEAST ASIA/ APAC / INDONESIA

Republic of Indonesia’s$ 2.35 billion 144A sukuk offering

Members: MUFG, Citi, Dubai Islamic Bank, HSBC, Mandiri Securities, BRI Danareksa Sekurta, PR Trimegah Sekuritas Indonesia

Extremely RECOMMENDED ( SOUTHEAST ASIA)/ MALAYSIA

Gold Formula ABS’s sukuk, up to RM94.81 million in differenent tranches

Members: New Paradigm Securities, Silver Formula Capital, Public Investment Bank, Adnan Sundra &amp, Low

PHILIPPINES

Republic of Philippines ‘ Sukuk Trust’s$ 1 billion issuing

Members: Citi, Deutsche Bank, Dubai Islamic Bank, HSBC, MUFG, Standard Chartered

 

&gt, BEST M&amp, A DEALS &lt,

AUSTRALIA / NEW ZEALAND / APAC

Obayashi Corporation acquires 50 % of Eastland Generation for a$ 503 million implied business benefit.

Members: Forsyth Barr, Chapman Tripp

Highly commended: PSP Consortium’s A$ 2.5 billion merger of Costa Group

Members: Citi, JP Morgan, Allen &amp, Gledhill, Kirkland &amp, Ellis

Chinese- Abroad

Grifols ‘ Sale of 20 % stake in Shanghai RAAS to Haier for$ 1.8 billion

Members: Nomura Securties, CICC, Osborne Clarke, JunHe, Clifford Chance, King &amp, Wood Mallesons

Highly commended: &nbsp, Royal Golden Eagle’s CNH15 billion syndicated payment for the acquisition of Vinda International Holdings

Participants: Bank of China Macau, BNP Paribas, CICC, Linklaters

Chinese- Inland 

$ 8.3 billion sale of 60 % stake in Zhuhai Wanda to PAG-led consortium

Members: Deutsche Bank

Highly commended: &nbsp, NISCO merger by CITIC Pacific&nbsp,

Members: CITIC Securities

HONG KONG Radar

Asia Pacific Resources International’s HK$ 21.6 billion volunteer public present for Vinda International Holdings

Members: HSBC, Norton Rose Fulbright, Bank of America, BNP Paribas, CICC

Highly commended: &nbsp, HKT price of 40 % stake in its silent community resources to China Merchants Capital

Members: Deutsche Bank, Clifford Chance

NORTH ASIA

Renesas Electronics ‘ 100 % merger of Altium

Members: &nbsp, Deutsche Bank, JP Morgan, King &amp, Wood Mallesons, Reed Smith, DLA Piper, Covington &amp, Burling, Nagashima Ohno &amp, Tsunematsu&nbsp,

Highly commended: &nbsp, WT Microelectronics ‘$ 3.8 billion merger of Future Electronics&nbsp,

Members: &nbsp, Citi, Canaccord Genuity Corp., Skadden, Arps, Slate, Meagher &amp, Flom, Osler, Hoskin &amp, Harcourt, Tsar &amp, Tsai Law Firm, Mintz, Levin, Cohn, Ferris, Glocsky and Popeo, P. C.

SINGAPORE

Purchase of Eu Yan Sang to a consortium led by Mitsui & Co. and Rohto Pharmaceutical

Members: Deutsche Bank, UBS, Wong Partnership

SOUTH ASIA

MHIL’s consolidation of Sahara Hospital

Members: Standard Chartered

Highly commended: &nbsp, Acquisition by Saudi Aramco Oil Company of a 40 % stake in Gas and Oil Pakistan&nbsp,

Members: Standard Chartered

SOUTHEAST ASIA

SOUTHEAST ASIA/ THAILAND

Acquisition of 65.99 % shares in Esso ( Thailand ) Public Company by Bangchak Corporation Public Company

Members: Kiatnakin Phatra Securities, JP Morgan, DLA Piper

Highly commended: ThaiBev return from home business via promote transfer

Members: DBS, WongPartnership

INDONESIA 

&nbsp, Medco Energi Internasional’s$ 713 million acquisition of a 20 % interest in each of Block 60 and Block 48

Members: Standard Chartered

MALAYSIA 

Purchase of Ramsay Sime Darby Health CA by Columbia Asset Healthcate and Sime Darby Healthcare

Members: Deutsche Bank

PHILIPPINES 

Merger between Robinsons Bank and Bank of the Philippine Islands

Members: BPI Corporation

VIETNAM

Thomson Medical Group’s merger of FV Hospital

Members: Maybank Investment Bank

 

&gt, BEST PRIVATE EQUITY DEALS &lt,

AUSTRALIA / NEW ZEALAND / APAC

Blackstone’s merger of Airtrunk

 Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Chinese- Abroad

Carlyle on sales of curiosity in McDonald’s China to McDonald’s Company

Members: &nbsp, Kirkland &amp, Ellis, JunHe, Jones Day

Highly commended: &nbsp, Advent International’s acquisition of a 29 % interest in Seek Pet Food

Participants: Boyu Capital ( investor )

HONG KONG Radar

PAG’s$ 8.3 billion Joint Investment in Newland Commercial Management

Members: Simpson Thacher &amp, Bartlett, A&amp, O Shearman

NORTH ASIA

Carlyle Group’s merger of KFC Holdings Japan

Members: Kirkland &amp, Ellis, Nishimura &amp, Asahi, Linklaters, Mori Hamada &amp, Matsumoto, Nagashima Ohno &amp, Tsunematsu&nbsp,

Highly commended: &nbsp, Blackstone’s sales of Geo-Young to MBK lovers

Members: &nbsp, Deutsche Bank, Morgan Stanley, Goldman Sachs, Samsung Securities, K&amp, C Cleary Gottlieb, Steen &amp, Hamilton LLP, Ropes &amp, Gray

SOUTH ASIA

ani’s Ispahani’s acquisition of a small interest in Tampaco Sheets

Members: UCB Investment, Farooq & Associates

SOUTHEAST ASIA

Asia Pacific Education Holdings ‘ sale of the APIIT Education Group to TPG’s The Rise Funds ( stake sold by KV Asia Capital )

Members: Rahmat Lim &amp, Partners, &nbsp,

Highly commended: BlackRock’s Climate Finance Partnership’s funding in Ditrolic Energy

Members: Clifford Chance

 

&gt, BEST PROJECT FINANCE DEALS &lt,

AUSTRALIA / NEW ZEALAND

MREH’s A$ 400 million debt funding

Members: &nbsp, Société Générale, Westpac, Standard Chartered, Export Development Canada, White &amp, Case, Ashurst

Chinese- Inland 

CSPC’s$ 5.5 billion term loan and a$ 450 million working capital facility

Members: CNOOC Finance Corporation, Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Zhong Lun Law Company

NORTH ASIA

&nbsp, ARE’s 20-year c. TWD8.25 billion job financing

Members: CTBC Bank, MUFG, E. SUN Bank, SMBC, Standard Chartered, KGI

SINGAPORE / APAC

BIC V investment size of approximately$ 508.3 million

Members: Citi, Standard Chartered, MUFG, Natixis, Overseas-Chinese Banking Corporation, &nbsp, Société Générale

SOUTH ASIA

Serentica’s venture funding of 200 MW RTC

Members: Société Générale, Cooperative Rabobank U. A., Export-Import Bank of India, India Infrastructure Finance Company, MUFG, YES Bank, KKR, Twinstar Overseas, Dentons, Luthra &amp, Luthra, Norton Rose Fulbright

SOUTHEAST ASIA

SOUTHEAST ASIA/ INDONESIA

Climmangis Citibung Tollways CDS hospital

Members: Indonesia Infrastructure Fund, BNI, &nbsp, Siahaan Indarmis, Andarumi &amp, Partners

Extremely RECOMMENDED ( SOUTHEAST ASIA)/ MALAYSIA

World Holdings ‘ spare to power project

Participants: Bank

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

AltEnergy’s PHP8 billion top safe word product

Members: BPI Capital, Security Bank

VIETNAM 

Petrovietnam Power Company’s Nohn Trach 3&amp, 4 Energy Flower

Members: Citi, ING

 

&gt, BEST PROPERTY DEALS &lt,

AUSTRALIA / NEW ZEALAND

Blackstone’s merger of Airtrunk

Members: Deutsche Bank, Morgan Stanley, RCBC Capital Markets, Macquarie Capital, Goldman Sachs

Chinese- Abroad

Bain Capital’s$ 250 million cooperative venture with DNE for China New Economy Network

Participants ( legal advisors ): Kirkland &amp, Ellis, King &amp, Wood Mallesons&nbsp,

Chinese- Inland

Link REIT’s acquisition of China Vanke’s 50 % stake in Link Plaza Qibao

Participants ( legal advisors ): Zhong Lun Law Firm, Cushman &amp, Wakefield

HONG KONG Radar

HK$ 14.438 billion sustainability-linked syndicated term and revolving loan facilities for 16 borrowers, sponsored by Gateway Real Estate Fund V L. P., Gateway V Co-Investment ( Doris ), L. P. (” Gaw” ), Great Wall Pan Asia Holdings Limited (” Great Wall” ) and GLQ Broad Street Holdings Ltd

Members: ANZ, Standard Chartered, UOB

SINGAPORE

Supreme JV Holding Pte Ltd | Lendlease &amp, Warburg Pincus ‘ S$ 1.065 billion top secured term loan and lender ensure features

Members: DBS, HSBC, UOB

Highly commended: &nbsp, Digital Core REIT’s$ 120 million personal location

Members: DBS, Citi, Bank of America, BNP Paribas, OCBC, UOB

SOUTHEAST ASIA

 SOUTHEAST ASIA/ APAC / THAILAND

 ThaiBev’s exit from the property business via a share swap with its parent for majority ownership in F&N

Members: DBS

&nbsp, INDONESIA / HIGHLY COMMENDED ( SOUTHEAST ASIA )

PT Putragaya Wahana has a top secured alternative payment service worth IDR 3.7 trillion and a term loan facility.

Participants: UOB

MALAYSIA

ESIM Capital’s green SRI sukuk

Participants: New Paradigm, UOB ( Malaysia )

PHILIPPINES

Vista Land’s$ 300million 9.375 % senior unsecured fixed rate notes due 2029

Members: DBS, HSBC, Union Bank of the Philippines

 

&gt, BEST STRUCTURED FINANCE DEAL &lt,

Chinese- Abroad

The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participants: Industrial Bank HK

Chinese- Inland 

CMB Financial Leasing Co., Ltd’s ( CMBFL ) Rmb1.6 billion Sustainable Development Loan&nbsp,

Participants: MUFG, SMBC, Fubon, Bank of China, Bank of Shanghai

Highly commended: &nbsp, Xinyue’s Rmb600 million Micro Business Loan ABN from Qifu Technology,

Participants: HSBC

HONG KONG Radar / APAC

ILBS 2 by Bauhinia

Members: CICC, ING Bank, MUFG, Natixis, Standard Chartered

Highly commended: The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participants: Industrial Bank HK

NORTH ASIA

WT Microelectronics and Morrihan International Corp’s$ 3.8 billion Bridge Facility

Participants: Citi

Highly commended: &nbsp, Korean Airline’s$ 208 million-equivalent Samurai Sustainability-Linked Loan

Participants: MUFG, SMBC

SINGAPORE

CIS ‘ Senior Secured S$ 300 million Bridge S$ 280 million Take Out Term Loan Facility

Members: DBS, Deutsche Bank, UOB KayHian

Highly commended: &nbsp, The government of Singapore’s S$ 2.5 billion green bonds

Members: DBS, Deutsche Bank, UOB KayHian

SOUTH ASIA

Fund raise of Rs4.65 billion ($ 56 million ) for Aliens Developers Private Ltd&nbsp,

Participants: Azalea Capital Partners

SOUTHEAST ASIA&nbsp,

Ayala Land’s PHP6 billion Asean sustainability linked bond

Participants: BDO Capital, BPI Capital, China Bank Capital, Land Bank of the Phiippines, SB Capital, RCBC Capital )

Highly commended: &nbsp, Exsim Capital Resources ‘ tranche 5 Asean green SRI sukuk

Participants: New Paradigm

 

&gt, BEST SUSTAINABLE FINANCE DEALS &lt,

AUSTRALIA / NEW ZEALAND

Cromwell Property Group’s A$ 1.2 billion Green and Sustainability-Linked Loan&nbsp,

Participants: ANZ, Bank of China Sydney, Clean Energy Finance Corporation, CBA, Credit Agricole, ING Bank, NAB, Societe Generale

Highly commended: &nbsp, MCP Wholesale Investment Trust’s A$ 500 million Sustainability-Linked Revolving Credit Facility

Members: Standard Chartered

Chinese- Abroad

Bank of China’s CNH and USD multi-tranche BRI-partner sustainability notes

Participants: HSBC

Highly commended: &nbsp, China Construction Bank Financial Leasing’s$ 150 million Long Term Transition Shipping Finance

Members: Standard Chartered

HONG KONG Radar

West Kowloon Cultural District Authority’s HK$ 5 billion sustainability-linked term and revolving facilities

Members: Standard Chartered

NORTH ASIA

Posco’s$ 500 million 3-year Green 144A/Reg S senior unsecured bond

Participants: HSBC

Highly commended: Far Eastern New Century’s NTD2.5 billion Corporate Sustainable Exchangeable Bond

Participants: KGI Securities, SinoPac Bank, Oriental Securities

SINGAPORE

Impact Investment Exchange’s$ 88 million 4-year Women’s Livelihood Bond

Participants: ANZ, Standard Chartered

Highly commended: EJA’s$ 500 million Revolving Credit Facility

Members: Standard Chartered

SOUTH ASIA

AdaniConneX’s$ 875 million syndicated sustainability-linked loan

Members: ING Bank, Intesa Sanpaolo, KfW IPEX, MUFG, Natixis, Standard Chartered, Societe Generale, SMBC

Highly commended: Kashf’s PKR2.5 billion female connection release

Participants: &nbsp, Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

 SOUTHEAST ASIA/ APAC / MALAYSIA

Exism Capital Resources ‘ special purpose funding vehicle ( RM3 billion )

Participants: NewParadigm Securities, United Overseas Bank ( UOB ) Malaysia, Adnan Sundra &amp, Lo

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

partnership between Rizal Commercial Banking and Citicore Renewable Energy Corporation ( CREC )

Participants: Rizal Commercial Banking

INDONESIA 

Republic of Indonesia$ 2 billion dual-tranche trust certificates

Participants: CIMB, Citigroup Global Markets, Dubai Islamic Bank, Mandiri Securities, Standard Chartered, White &amp, Case, Trimegah Sekuritas, BRI Danareksa Sekuritas, Thamrin &amp, Rekan

THAILAND 

Thai Union Group’s Thb11.5 billion sustainability-linked loan

Participants: MUFG

 

&gt, BEST SYNDICATED LOAN DEALS &lt,

AUSTRALIA / NEW ZEALAND

Orora’s acquisition of Saverglass SAS

Participants: AFRY Capital, Citi, Macquarie Capital

Highly commended: &nbsp, Viva Energy A$ 1 billion Term Loan Facilities

Members: DBS, ANZ, Mizuho, MUFG, NAB, UOB, WBC, plus consortium of 22 lenders

Chinese- Abroad

Royal Golden Eagle’s CNH15 billion syndicated loan for the acquisition of Vinda International Holdings

Participants: Bank of China Macau Branch, BNP Paribas, CICC, Linklaters

Highly commended: Kuaishou’s 3-year CNH9 billion syndicated term loan facility

Participants: China Merchants Bank, Pudong Development Bank, CITIC Bank, Industrial Bank, Ping An Bank, HSBC China, Minsheng Bank, Bank of Beijing, Hang Seng Bank, Bank of Faba-Pakistan China, Standard Chartered China, Jiangsu Bank

HONG KONG Radar

United Asia Finance’s HK$ 3.9 million syndicated term loan and revolving credit facility

Members: Standard Chartered, China Zheshang Bank, KGI Bank, Bank Singpac, Nanyang Commercial Bank

Highly commended: &nbsp, ICBCIL Finance Company Limited’s$ 1 billion term loan facility

Participants: Industrial and Commercial Bank of China ( Asia ), Agricultural Bank of China Hong Kong, OCBC, Ping An Bank, Nanyang Commercial Bank, China Guangfa Bank, Bank of Communications, China CITIC Bank, Dah Sing Bank, DBS Bank, The Norinchukin Bank, The Korea Development Bank, Bank of China Frankfurt Branch, Chiyu Banking Corporation, Tai Fung Bank, Bank of China Rotterdam Branch, Banque Internationale a Luxembourg

SINGAPORE

Seatrium’s S$ 1.1 billion committed syndicated bank guarantee facility

Participants: Simmons &amp, Simmons, Standard Chartered, &nbsp, DBS Bank, Shanghai Pudong Development Bank, Mizuho Bank, Emirates NBD Bank, First Abu Dhabi Bank, Malayan Banking Berhad, Clifford Capital

Highly commended: &nbsp, Aircastle’s$ 600 million syndicated revolving credit facility

Participants: Bank of China, Caixa, CBA, SMTB, CUB, Taishin, plus lending consortium of 15 banks

SOUTH ASIA

JSW Steel Limited’s$ 900 million syndicated term loan facility

Members: DBS, BNP Paribas, CTBC, FAB, HSBC, Mashreq, Standard Chartered, SMBC, Intesa Sanpaolo, APICORP, CBD, DZ, BOT, CHCB, TIB, TBB, FCB, SBI Shinsei, BOK, LBT, TW Shin Kong, Taichung Commercial, TCB, San-in-Good, Hyakugo Bank

Highly commended: &nbsp, Beacon Pharmaceutical’s BDT3.768.8 billion syndicated term loan facility

Members: UCB Investment, Eastern Bank, Janata Bank, United Commercial Bank, Bank Asia, Jamuna Bank, ONE Bank, Rupali Bank

SOUTHEAST ASIA

SOUTHEAST ASIA/ APAC / INDONESIA 

PT Mineral Industri Indonesia ( Persero )$ 1.5 billion senior unsecured term loan and revolving credit facilities

Members: DBS, Bank of China (Hong Kong), BNP Paribas, BNI, Citi, Maybank, Mizuho, MUFG, OCBC, SCB, SMBC, UOB

 HIGHLY RECOMMENDED ( SOUTHEAST ASIA) THAILAND

Syndicated financing of Thb7.6 billion for Italian-Thai Development Public Company

Participants: Weerawong C&P, Bangkok Bank, Kasikornbank, Siam Commercial Bank, Krung Thai Bank

 MALAYSIA 

LQ Retail and LQ Hotel have secured green term loans worth MR2 billion.

Participants: UOB&nbsp,

PHILIPPINES

San Miguel Corporation’s$ 2 billion five-year syndicated term loan facility

Participants ( according to sources cited by Bloomberg ): Standard Chartered, ANZ, Bank of China ( Hong Kong ), CTBC Bank, ING, Maybank Kim Eng Securities, Mitisubishi Financial Group, Mizuho Bank, Rabobank, Sumitomo Mitsui Banking&nbsp,

VIETNAM 

Techcom Securities ‘$ 175 million syndicated loan facility

Members: Standard Chartered, CTCB Bank, Taipei Fubon Commercial Bank, Taishin International Bank, KGI Bank

 

&gt, BEST VENTURE CAPITAL DEALS &lt,

SINGAPORE

YouTrip’s$ 50 million Series B fundraising

Participants: Lightspeed Ventures ( lead investor ), Allen &amp, Gledhill

SOUTHEAST ASIA/ APAC 

Fano Labs investment by Openspace Ventures

Participants: Openspace Ventures ( lead investor )

 

&gt, MOST INNOVATIVE DEALS &lt,

AUSTRALIA / NEW ZEALAND

&nbsp, Alcoa’s$ 3 billion acquisition of Alumina

Participants: BofA Securities, Flagstaff Partners, JP Morgan, UBS

Highly commended: &nbsp, CRH’s A$ 2.9 billion acquisition of Adbr

Participants: UBS, Macquarie, Barrenjoey, Morgan Stanley, Gilbert &amp, Tobin, HSF

Chinese- Abroad

The acquisition of Hollysys Automation Technologies Ltd. by Ascendent Capital Partners&nbsp,

Participant ( s ): Industrial Bank Hong Kong

Highly commended: Alibaba’s$ 5 billion convertible bond &nbsp,$ 1.2 billion parallel stock purchase

Members: Citi, JP Morgan, Morgan Stanley, Barclays, HSBC

Chinese- Inland

Nanjing Iron and Steel Group’s acquisition by CITIC Pacific&nbsp,

Members: CITIC Securities

Highly commended: State Grid Overseas Investment’s Rmb1 billion panda bond issuance

Members: CITIC Securities, ICBC, Bank of China

HONG KONG Radar / APAC

Privatisation of L’Occitane

Participants ( legal advisors ): Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Case&nbsp,

Highly commended: Super Hi’s double list on Nasdaq

Participants ( legal advisors ): Kirkland &amp, Ellis, Skadden, Arendt, Loyens, Freshfields, Linklaters and Fried Frank, White &amp, Case

Highly commended: HKSAR Government’s$ 750 million equivalent digital green bonds

Participants: Bank of China Hong Kong, Credit Agricole CIB, Goldman Sachs, ICBC Asia, UBS, HSBC

NORTH ASIA

SK Bioscience’s acquisition of 60 % stake in IDT group

Participants: Deutshce Bank, Commerzbank, Norddeutsche Landesbank, Sullivan &amp, Cromwell&nbsp,

SINGAPORE

STT GDC’s issuance of S$ 450 million 5.70 % sustainability-linked perpetual securities

Members: Standard Chartered

SOUTH ASIA

Refinancing for East India’s LNG Regasification Terminal Project in Dhamra, Odisha

Members: Standard Chartered

Highly commended: Kashf’s PKR2.5 billion female connection release

Members: Infra Zamin Pakistan, Arif Habib, Pakistan Credit Rating Agency, Vellani &amp, Vellani, Pak Brunei Investment Company, Bank Alfalah, Bank of Pubjab, Standard Chartered Pakistan

SOUTHEAST ASIA

SOUTHEAST ASIA/ THAILAND

ThaiBev’s property exit and share swap

Members: DBS, WongPartnership

Highly recommended: the Filipino Aquino International Airport’s rehabilitation project, which offers PHP 80 billion syndicated term loans.

Participants: BDO Capital

HIGHLY RECOMMENDED ( SOUTHEAST ASIA ) PHILIPPINES

Ayala Land’s PHP6 billion sustainability-linked bonds

Participants: BDO Capital, BPI Capital, China Bank Capital, Land Bank of the Philippines, RCBC Capital, SB Capital Investment

INDONESIA

PT Charoen’s$ 200 million and IDR7.5 trillion senior revolving credit facilities&nbsp,

Participants: Citi, DBS, plus consortium of other banks

MALAYSIA

Bursa Malaysia Offering for Johor Plantations Group

Participants: CIMB, AM Investment Bank, Affin Hwang Investment Bank, CLSA Singapore, CLSA Securities Malaysia

 

¬ Haymarket Media Limited. All rights reserved.

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MediSun Energy raises US.75 mil seed round with Vynn Capital

By:
On:
In: Technology
  • MENA development and advancement of ionic energy innovation are the goals of Ambassador.
  • Tech&nbsp, can become critical for industries&nbsp, that require creativity in power management

A Singapore-based company with a focus on advanced osmotic ( blue ) energy technology, MediSun Energy Pte Ltd, has successfully secured US$ 8.75 million ( RM$ 39.1 ) in funding and established a strategic partnership with Southeast Asian venture capital firm Vynn Capital Sdn Bhd. The funding consists of US$ 5 million ( RM22.34 million ) in venture debt and US$ 3.75 million in equity financing, bringing the company’s valuation to US$ 44 million.

]RM1 = US$ 0.224]

The parties stated in a joint statement that this was one of the major investments made by the Mobility and Supply Chain fund of Vynn Capital, which was supported by some institutional investors in Malaysia and other local limited partners.

The money round, led by Vynn Capital, attracted many new buyers, including MOAJ Holding, a leading Royal investment firm, Frank Phuan, TNB Aura, a Singapore-based venture capital firm participating through its Scout Initiative, and Ciri Ventures, a weather tech-focused venture capital firm. In addition, MOAJ Holding has also pledged to fund a native joint venture by putting up up to US$ 30 million into Medisun’s Saudi Arabia company.

The collaboration aims to strengthen MediSun’s research and development capabilities and expand its development into the MENA area. One facility will be set up for load generation, the other for load production, according to MediSun.

Dusun Kim, Founder &amp, CEO of MediSun, stated:” At MediSun, we are dedicated to making the world green and better. Our zero-brine technology not only produces fresh, clean energy, but also benefits from a more lasting future. We will be able to expand our businesses and introduce our creative alternatives to new markets thanks to our new collaboration with Vynn Capital. We are committed to utilizing this opportunity to advance our goal of addressing the most pressing economic issues.

Victor Chua, Founding &amp, Managing Partner of Vynn Capital, added:” MediSun’s options are essential in solving water supply chain and lack concerns while achieving net-zero coal goals by reducing energy consumption. Over the medium word, we believe such systems can also be critical for various industries, such as freedom and business sectors, that require creativity in energy management. This is especially important given the tale that Southeast Asia and Malaysia play a bigger part in the renewable energy sector.

In addition to supporting MediSun’s development, Vynn Capital is constantly exploring different options and companies in important areas such as Singapore, Thailand, and Indonesia. This agreement places both businesses at the forefront of innovation and sustainability in the region because Southeast Asia’s liquid systems market is anticipated to grow significantly.

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