Canada’s largest pension fund CPP Investments (CPPI) is set to raise C$500 million ($372 million) in its first “reverse inquiry” bond, a debt instrument that is issued in response to investor demand, a top official told Reuters. The bond offer gives Canadian institutional investors a rare opportunity to buy into the pension manager’s debt at an attractive coupon. The offer is unique as it is tailored according to the terms determined… Continue reading Canadian pension fund CPPI to raise $372m in first ‘reverse inquiry’ bond
Author: Deal Street Asia Online News
Maybank promotes Saurabh Gupta as head of Singapore investment banking team
Malaysia’s biggest bank, Malayan Banking Bhd (Maybank) has appointed Saurabh Gupta as the head of its investment banking and advisory business for Singapore, according to a company memo seen by Reuters. Gupta has been with Maybank for a decade and his latest appointment is in addition to his current role as head of the consumer, retail and healthcare sectors. Singapore-based Gupta, who was previously with Bank of America Merrill Lynch and… Continue reading Maybank promotes Saurabh Gupta as head of Singapore investment banking team
India extends deadline to levy cap on digital payment transactions by 2 years
India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec. 31, 2024, the National Payments Corporation of India (NPCI) said on Friday. The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30% of the total volume of transactions on UPI from Jan 1. The move comes as a breather… Continue reading India extends deadline to levy cap on digital payment transactions by 2 years
Tesla delivers first heavy-duty truck Semi to PepsiCo, but no update on pricingIn 2017, Tesla had said the 300-mile range version of the Semi would co…
Tesla Inc. Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla’s Nevada plant, said the battery-powered, long-haul truck would reduce highway emissions, outperform existing… Continue reading Tesla delivers first heavy-duty truck Semi to PepsiCo, but no update on pricingIn 2017, Tesla had said the 300-mile range version of the Semi would co…
Philippine central bank governor cautions over $4.9b sovereign wealth fund plan
The Philippines’ central bank governor on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand Marcos Jr, saying transparency over its governance would be key. Felipe Medalla, in an interview with Bloomberg TV, said a key concern for him would be how the fund would be managed… Continue reading Philippine central bank governor cautions over $4.9b sovereign wealth fund plan
GLP-backed Hidden Hill Capital closes $465m fund targeting logistics investments
Hidden Hill Capital, the private equity arm of global logistics giant GLP, has closed its Hidden Hill Foundation Fund at $465 million, according to a statement by the company on Friday. The company added that the fund has exceeded its initial target, but did not say by how much. The vehicle will target investments in… Continue reading GLP-backed Hidden Hill Capital closes $465m fund targeting logistics investments
PE giant Blackstone hits redemption limit on $69b real estate vehicleThe redemption curbs, which came because of pre-set limits, fuelled investor conc…
Blackstone Inc limited withdrawals from its $69 billion real estate income trust (REIT) on Thursday after receiving too many redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs in redemptions came because they hit pre-set limits, rather than Blackstone setting the redemption limits on the day. Nonetheless, they fueled investor concerns about the… Continue reading PE giant Blackstone hits redemption limit on $69b real estate vehicleThe redemption curbs, which came because of pre-set limits, fuelled investor conc…
Singapore venture firm BEENEXT said to be raising one of its largest Asia funds
Aastha Maheshwari 02 December, 2022 Singapore-based venture capital firm BEENEXT is learnt to be raising one of its largest Asia-focused funds, as it prepares to write larger cheques for startups in India and Southeast Asia, according to persons aware of the development. The persons further said the fund could be targeting a corpus of around… Continue reading Singapore venture firm BEENEXT said to be raising one of its largest Asia funds
Contagion of FTX meltdown far from over, warn industry players
Even as crypto lender BlockFi has filed for Chapter 11 bankruptcy protection in the US; Hong Kong-based crypto exchange Atom Asset Exchange (AAX) is reportedly wiping out some of its social media presence; and crypto broker Genesis works overtime to avoid filing bankruptcy, industry players have warned that the market sentiment is “extremely bearish” and… Continue reading Contagion of FTX meltdown far from over, warn industry players
SE Asian tech giants take a leaf out of US peers’ book: 4 things you should know
As Southeast Asian tech companies brace for a tougher business environment, they are borrowing from the US industry’s latest playbook: mass layoffs. The region’s largest platforms, like Indonesia’s GoTo and Singapore’s Sea, have reduced their total workforces by as much as 10% this year, with some signaling even further reductions. Go to Source