Asia Roundup
India’s High-Yield US Dollar Bond Pipeline Grows
India’s high-yield supply is building as a clutch of issuers prepare to raise US dollar bonds following an easing in hedging costs, IFR reported.
Indian high-yield issuers have printed USD 4.1 billion of bonds this year, according to IFR data, compared with USD 4.6 billion in the whole of last year.
Non-bank lender Capri Global Capital is planning to make its debut in the US dollar market after conducting investor calls, according to IFR. Continuum Green Energy is also preparing a potential benchmark dollar bond offering in the coming months from its treasury centre at Gujarat International Finance Tec-City.
China Vanke Names Former Shenzhen Financial Regulator as President
China Vanke has appointed a former Shenzhen financial regulator as president, filling a role left vacant for more than a year as the state-backed developer struggles to contain a deepening liquidity crisis, Caixin reported.
The Shenzhen-based company said that its board approved the appointment of Huang Yu, who was nominated by chairman Huang Liping.
The appointment marks the end of Vanke’s long-standing governance model built around internally promoted professional managers, while further cementing the influence of its state-owned shareholders.
Tokenisation Could Ease Liquidity Bottlenecks in Next Phase of Cross-Border Payments, Say Panellists
Liquidity has emerged as one of the biggest remaining hurdles in cross-border payments, with tokenisation offering banks a more efficient way to fund transactions, The Business Times reported, citing industry panellists.
This comes as the industry moves towards round-the-clock settlement, executives from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), DBS and Standard Chartered said at a panel.
Indonesia Roundup
Thousands of Indonesian Coal Workers Face Layoffs as Mining Permits Stall
More than 15,000 workers at coal mining companies in East Kalimantan province face potential layoffs as the government has yet to process the extension of 26 mining permits that have been pending for six months, Jakarta Globe reported, citing workers’ representatives.
The uncertainty has forced several mining companies in Kutai Kartanegara Regency to halt operations, raising fears of wider job losses in one of Indonesia’s largest coal-producing regions.
Danantara Indonesia Says Financial Report is Still Being Processed
Sovereign wealth fund Danantara Indonesia said that the companies under its control have all completed their financial statements for 2025, but the fund is still in the process of finishing its consolidated financial report for the year, Reuters reported via CNA.
Danantara executives previously said its full financial report would be released before the end of June. Investors and analysts are closely monitoring the report’s release, which will be Danantara’s first since it was formed in February 2025.
Acrostics Asia is an independent credit intelligence provider that connects the dots across Asian sovereigns, private credit and restructurings.