Asia Credit
China unveils $71bn swap facility to revitalise flagging economy
In a bold move to support its struggling economy, China's central bank has introduced a substantial liquidity initiative, opening a $71bn “swap facility” aimed at enabling firms to purchase stocks
Buffett's Berkshire Hathaway makes waves with $1.9bn yen bond sale
Warren Buffett’s Berkshire Hathaway has completed a substantial yen-denominated bond deal, raising JPY281.8bn - $1.9bn - in its largest issuance in five years
Uzbekistan joins Kyrgyzstan in committing to October start on China-Kyrgyzstan-Uzbekistan railway construction
Financing for CKU edging forward with finalised commitments still to be hammered out.
Indian stocks hit another record high as auto and banking sectors fuel gains
India's stock markets extended their rally, with the S&P BSE Sensex and NSE Nifty 50 reaching all-time highs for the sixth consecutive session
IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing
Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.
Russia, Bangladesh navigate stresses over nuclear power plant loan payments
Russia has demanded that Bangladesh pay over $630mn to settle accrued interest payments for a loan used to fund the Rooppur Nuclear Power Plant
Bank Negara Malaysia expected to keep interest rates steady amid inflation concerns
Bank Negara Malaysia held its overnight policy rate steady at 3.00% during its latest monetary policy meeting in September 2024, signalling that the central bank is unlikely to make any further rate adjustments for the remainder of the year
Japan’s Tokyo Metro seeks $4.7bn valuation for record IPO
The Japanese government is aiming for a substantial valuation of $4.7bn for the Tokyo Metro as preparations for its initial public offering ramp up