The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed IDR499.9 billion bond (“Bond”) issued by PT Adhi Commuter Properti Tbk (“ADCP” or the “Company”) on 8 December 2023. The oversubscribed Bond marks CGIF’s first time support for an Indonesian property developer and continued support on the development of Indonesia’s bond markets.

INTI Universal Holdings Sdn Bhd (“INTI”) has successfully issued its first RM Bond issuance via a Guaranteed MTN (“Guaranteed MTN”) of RM165.0 million, guaranteed by the Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”).

The Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed THB 1,300 million 3-year unsubordinated bond issued by Hope Education Group Co., Ltd. (“HEG” or “Issuer”) on 28 September 2023. This transaction marks HEG Group’s debut issuance in Thailand.

The IFR Asia Local Currency Debt Financing Roundtable will take place in London Stock Exchange Group, One Raffles Quay #28-01 North Tower Singapore 048583 on the afternoon (14:30 SGT) of Thursday, October 26, 2023. Moderated by IFR Asia’s Editor Daniel Stanton, an expert panel will discuss how borrowers are using Asian local currency bonds to meet their financing needs, and where the value lies.

Topics to be covered will include:

• Which local currency markets offer the most depth and breadth for issuers? What limitations are there?
• How have the dynamics of the local currency markets impacted the overall Asian debt market?
• How are international investors looking at local currency bond markets?
• How are borrowers using ESG labels and new structures, such as retail bond sales, to attract investors?
• How have regulators and governments encouraged the development of their local currency bond markets?

Register now: https://lseg.group/IFRAsiaLocal

A Memorandum of Understanding between Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank, and China-ASEAN Investment Cooperation Fund II GP was signed on 4 September 2023 during the China-ASEAN Summit at Jakarta, Indonesia.

This Memorandum was set out to promote and support bond financing for infrastructure development with a strong focus on green financing, sustainability and environmental, social, and governance (ESG) standards in the ASEAN+3 region.