Axelerated Solutions for Information and Communication Technology (SASE:9637) renewed 30 million Saudi riyals of Sharia-compliant banking facilities with Banque Saudi Fransi.
The proceeds, which are valid until Aug. 27, 2027, will be used to fund the information technology services company's new projects, as well as letters of credit and guarantees, according to a Thursday filing.
Commonwealth Bank of Australia (ASX:CBA) it issued SG$325 million worth of subordinated fixed reset notes due Aug. 27, 2036, on Thursday, according to a same-day Australian bourse filing.The notes potentially exchange into fully paid ordinary shares of the bank if a non-viability trigger event occurs. The number of ordinary shares issued on exchange is limited to 8,178 ordinary shares per subordinated security, with a nominal value of AU$276,449.The notes carry an initial interest rate of 3.150% per annum, and the reset date is Aug. 27, 2031.
Huaneng Lancang River Hydropower (SHA:600025) has completed the issuance of green bonds totaling 2.1 billion yuan to repay interest-bearing debt, according to a Shanghai bourse filing on Thursday.The offering consisted of two tranches, including 1.1 billion yuan in green super short-term commercial paper with an interest rate of 1.42% and a term of 225 days.Agricultural Bank of China (SHA:601288, HKG:1288) acted as the lead underwriter, with Bank of China (SHA:601988, HKG:3988) serving as joint lead underwriter.The second tranche consists of 1.0 billion yuan in green medium-term notes carrying a coupon of 1.88% with a 5+N year term. Bank of China acted as the lead underwriter alongside Industrial and Commercial Bank of China (HKG:1398, SHA:601398) as joint lead underwriter.
United Overseas Bank (SGX:U11) has priced a 1 billion-euro dual-tranche fixed-rate covered bond offering under its $15 billion global covered bond program, according to filings with the Singapore bourse on Thursday.The lender priced 500 million euros of 3.118% covered bonds due in 2028 and 500 million euros of 3.342% covered bonds due in 2031.The bonds will be guaranteed by Glacier Equity and are expected to be rated Aaa by Moody's and AAA by S&P.They are expected to be issued on Sept. 8, the filing said.