KKR Asia Credit Fund Draws 75% New Investors as Decoupling Rises
KKR raised three-quarters of its USD 2.5 billion Asia private credit fund from new investors, as deepening economic decoupling pushes firms to broaden exposure and hedge geopolitical risk, Bloomberg reported.
China Vanke Seeks 90-Day Grace Period Extension for Yuan Bonds Worth $817 Million
China Vanke proposed to further extend the grace period for two onshore bond repayments totalling CNY 5.7 billion (USD 817.2 million) by 90 trading days as the property developer scrambled to avoid a debt default, Reuters reported.
Thailand Long-Bond Outlook Darkens on Fiscal Worries Before Vote
As Thailand’s general election nears, rising concerns about fiscal largesse are adding pressure on longer-dated bonds, spurring bets for sustained underperformance versus short-term notes, Bloomberg reported.
Eliminating Corruption in the Philippines is an Uphill Climb
The government estimates that up to PHP 118.5 billion (USD 2 billion) in economic value a year was lost between 2023 and 2025 in flood control graft. Funds which should have been channelled into infrastructure either went into shoddy and substandard works, or vanished into “ghost” projects which never materialised.
Private-Hire Drivers Hit by Autobahn Repossessions May Lose Rental Deposits
Private-hire car drivers whose vehicles were repossessed by creditors of Autobahn Rent A Car “will face difficulties getting their deposits back” because they are unsecured creditors, The Business Times reported, citing Singapore’s Senior Minister of State for Transport Sun Xueling.