Asia Pacific

India’s Adani Green Energy has raised a $1.35bn green loan to support the construction of projects under its renewable portfolio.

Bairong, a financial technology firm, has covered its HK$3.94bn ($507m) IPO, following strong demand from institutional investors on the first day of bookbuilding.

Bank of America has made some top level changes to its South Korea business, according to internal memos seen by GlobalCapital Asia on Friday.

A HK$5.5bn ($708m)-equivalent loan to partly refinance debt taken for investment manager Permira’s leveraged buyout of Tricor Holdings is now open to existing lenders in syndication.

An innovative collaboration between six organisations from different sectors has led to the creation of the Subnational Climate Finance Initiative, which will work with local governments in developing countries to fund green infrastructure. The scheme highlights the value — but also the difficulty — of blended finance.

Sustainability-linked bonds with variable coupons are winning wide acceptance among investors, according to a survey by Natixis of 40 investment managers with $20tr of assets between them. Investors think they could be used by issuers of all kinds, want to see robust standards, and are open to structural innovations.

German state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW) made a rare public green outing in the offshore renminbi market this week, raising Rmb1.25bn ($192m) from a deal that saw strong participation from green and ESG investors.

Crédit Agricole has sealed its third senior preferred Panda bond in the China market on a particularly challenging day that caused eight domestic deals to be postponed, amid lingering default concerns and rising government bond yields. Addison Gong reports.

JP Morgan has hired Mark Carlile as vice-chairman of mergers and acquisitions for its Australia and New Zealand franchise, according to an internal memo.

The Hong Kong Stock Exchange has had a stellar week, hosting two secondary listings worth about $6bn in total in quick succession. The latest out of the gate is Chinese video sharing and gaming platform Bilibili, which kicked off a potential $3bn float within hours of internet giant Baidu wrapping up its multi-billion-dollar deal. Jonathan Breen reports.

A wise investor once told me: when your taxi driver is recommending a stock, it’s time to sell. The idea is that once retail investors have spotted a big opportunity, it has already evaporated. What about when they’re playing it on the car radio?

Indonesian multi-finance companies are ready to charge back into the loan market after a quiet 2020, as the country’s economy picks up and consumer sentiment improves. Banks are also ready to accept borrowers from the sector, but there are challenges ahead, writes Pan Yue.