Debt

Final orders were over S$2bn allowing UOB to upsize from its original S$500m benchmark; there was participation from 96 investors with 26% outside of Singapore.

The digital bank, which has operations in China, Hong Kong and Indonesia, is looking at M&A opportunities and developing artificial intelligence agents, with the debt and equity fundraise.

The fundraise includes $1.8bn for KKR Asia Credit Opportunities Fund II as the investment giant sees growing investor demand for allocation to private credit in the region; the fund has been used for deals in Hong Kong, India and Australia.

The southeast Asian country continues its diversified sovereign fundraising, while its fiscal deficit for 2025 widened to 2.92%.

Entries are now open for the 30th edition of the FinanceAsia Awards which celebrate the best banks, brokers, consultants, rating agencies, law firms and other financial institutions across the region.

As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.

The offerings attracted public sector institutions, banks, asset managers, corporates and private banks, with particularly strong participation from Asia.

A $500m, 30-year tranche was added to the latest offering to support India’s regional and international trade activities at a time of global trade tensions.

In a positive year for the region's banks, 2025 ECM fees in Apac, ex Japan, were up 45% from 2024, DCM fees saw 11% growth, amid a record year for bonds, while M&A advisory fees climbed 43%.