Apac's largest social bond issuance will be used to finance or refinance the loans under the special 100% loan guarantee of Hong Kong's SME Financing Guarantee Scheme.
The tech giant plans to open a cloud region to help boost the country’s digital economy, where the government wants to enhance its AI capabilities and to create 3,000 smart factories by 2030.
The transaction is one of the largest HKD-denominated issuances to date; however, the SAR's property market is tough, with giant New World Development set to announce its first loss in 20 years.
The three-year A$500m bond was swapped into Hong Kong dollars on the date of completion with ANZ as the sole coordinator, with investors from Asia, the UK and Australia.
Since 2017, Impact Investment Exchange has raised $228 million to support women’s economic empowerment in Asia, with the deal size and number of investors on an upward trend.
The Southeast Asia (SEA) Investment Financing Facility will provide loans, guarantees, equity and insurance for projects to help boost Australian trade and investment, with clean energy and infrastructure development as key targets.