Asia Roundup
Nvidia Helps APAC’s First GPU Syndicated Loan
The Taiwan unit of US-based GMI Cloud has become the first borrower from Asia Pacific to bring a GPU-backed financing into the realm of syndicated loans, helped by commitments from industry titan Nvidia, IFR reported.
The NTD 14.05 billion (USD 438 million) loan for GMI Cloud Phoenix relies heavily on Nvidia being a quasi-partner – rather than a straightforward offtaker – as a result of a revenue‑sharing and credit support framework. CTBC is mandated lead arranger and bookrunner.
Singapore Prices SGD 2.6 billion 20-Year Green Bonds at 2.4%
The first offer of Singapore’s 20-year sovereign green bonds received healthy demand, with an order book 1.83 times the amount offered to institutional investors, The Business Times reported.
The bonds were priced to yield 2.4%, about 15 basis points tighter than the initial price guidance of 2.55%, according to a notice by the Monetary Authority of Singapore.
Vanke Gets New Funding as It Completes Extensions on 2026 Public Bonds
China Vanke secured a 519 million yuan ($76.7 million) loan from its largest shareholder to cover impending obligations on two domestic bonds, completing its initial round of extensions for all public debt maturing in 2026, Caixin reported.
The latest liquidity support highlights the mounting pressure on the state-backed developer as it seeks to avoid a broader restructuring. The piecemeal bond extensions are proving resource-intensive, while government support remains limited.
Indonesia Roundup
Danantara Plans Dollar Bond Sale Worth At Least $500 Million
The investment arm of Indonesia’s sovereign wealth fund Danantara is looking into issuing at least $500 million of long-dated USD-denominated bonds, Reuters reported, citing two sources with direct knowledge of the matter.
One of the sources said Danantara Investment Management would likely choose either 20- or 30-year tenors for the bonds, not both.
Acrostics Asia is an independent credit intelligence provider that connects the dots across Asian sovereigns, private credit and restructurings.