Banking

China to issue 32 billion yuan ($5.18 billion) T-bonds

The Ministry of Finance said Wednesday it will start selling 32.09 billion yuan ($5.18 billion) of seven-year book-entry treasury bonds on Thursday.

Published

9 years ago

June 7, 2012

Zhong Li

The Ministry of Finance said Wednesday it will start selling 32.09 billion yuan ($5.18 billion) of seven-year book-entry treasury bonds on Thursday.

The bonds, the 10th batch of its kind to be floated this year, carry a fixed interest rate of 3.14 percent and will be sold to the public from June 7-11, the ministry said in a statement posted on its website.

The bonds will become tradable on June 13 through the national inter-bank bond market and over the counter at designated commercial banks.

The ministry said interest will be calculated from the day of purchase and paid annually, with the principal and final interest paid upon maturity on June 7, 2019.

via China to issue 32b yuan in book-entry T-bonds|Markets|chinadaily.com.cn.

Banking

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System

Published

1 week ago

May 2, 2021

Olivier Languepin and Abhishek Prakash

In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes.

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Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Published

2 months ago

March 24, 2021

Asian Development Bank

Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

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Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Published

2 months ago

March 24, 2021

Olivier Languepin

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

(more…)