Debt

The funds will be mobilised to support initiatives such as the Asean Power Grid, in collaboration with four Malaysian banks.

Gyungmin Kim is replacing Jeyhyung Rhee who is leaving the bank, while Minjib Kim will support him as a director.

Proceeds from the three-year notes will be mostly used to refinance maturing debentures.

Bauhinia 3 has a portfolio of 33 project and infrastructure loans across 28 projects, 12 countries and nine sub-sectors, with a value of $450.5m. HKMC issued Class D notes at non-investment grade -- a first in Asia.

If approved, the fund will become the first private credit infrastructure fund to be listed on HKEX. The fund invests in assets across renewables, power, utilities, data centres, telecommunications, transport, healthcare and accommodation.

The HKMA and SFC want to encourage primary issuances, enhance secondary liquidity, improve infrastructure, and play a prominent role in the internationalisation of the Renminbi.

Consisting of two tranches, the notes are the first US dollar-denominated subordinated perpetual notes from the Thai issuer.

Entry deadline for the FinanceAsia Achievement Awards 2025 is now extended to September 26, 2025; the awards will celebrate the best deals and firms across Asia Pacific and the Middle East over the last 12 months.

The entry deadline for the FinanceAsia Achievement Awards 2025 has been extended to September 26; the awards will celebrate the best deals and firms across Asia Pacific and the Middle East over the last 12 months; FA's Deal Maker poll is also still open.