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  • Indonesian garment company Pan Brothers has been downgraded by Fitch Ratings for the third time this year owing to defaults on a dollar loan.
  • Law firm Linklaters has added two new partners to its Hong Kong office to strengthen its business in private equity and leveraged finance investments.
  • PTT Global Chemical (PTTGC) got a five times subscribed book for its dual-tranche bond on Thursday, attracting investors as a rare transaction from Thailand.
  • Former Olympic gymnast and billionaire entrepreneur Li Ning, founder of sportswear brand Li-Ning, has set up a blank cheque firm targeting the Chinese consumer sector.
  • Chinese textile company Victory City International Holdings’ financial predicament has taken a turn for the worse as it revealed previously undisclosed outstanding debt at its subsidiaries this week.
  • China Development Bank is planning to sell an up to Rmb20bn ($3.08bn) carbon neutrality themed green bond next week to support China’s goal of net zero carbon dioxide emissions by 2060. The deal is internationally certified and will be available to Bond Connect investors.