Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.
Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%.
The two large listings are adding to a sense of optimism, in particular in India and Hong Kong, with Taiwan enjoying a record year so far; and occurred before the US Fed cut rates.
The fines from the China Securities Regulatory Commission and Ministry of Finance relate to the auditing of a subsidiary of troubled property developer Evergrande which inflated its revenue by billions of dollars; PwC's global chair has described the work as "completely unacceptable".
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.
The Canadian owner of Circle K wants to buy rival Seven & i, which, if the deal is agreed, would be the largest foreign takeover of a Japanese listed company; however antitrust issues are likely.
The deal is expected to close by the end of Q1 2025 with its shares to stop trading on the NYSE; majority shareholders TPG and KKR have approved the deal. EQT has also bought a Korean plastic recycler and is looking to raise $12.5bn for a fund.
GenAI is demonstrating benefits in drafting processes, yet it requires manual gatekeeping to ensure accuracy and privacy, according to senior lawyers; investments are also pouring into the area.