News

AIIB approves $500m Turkey loans

The Asian Infrastructure Investment Bank has given the green light to US$500 million of loans to two development banks in Turkey. The loans are aimed at easing liquidity pressure facing Turkish companies in infrastructure and “other productive sectors” due to the Covid-19 pandemic, the Beijing-headquartered institution said in a statement. The recipients of the sovereign-backed, short-term credit lines are Türkiye Kalkınma ve Yatırım Bankası (TKYB) and Türkiye Sınai Kalkınma Bankası (TSKB). “The two borrowers will on-lend the loans to corporates and SMEs in infrastructure sectors, including transport, energy, water, sustainable cities, healthcare, information and communications technologies and other eligible productive sectors. The credit lines will provide liquidity for payment of operating expenses, short-term assets (inventories, trade receivables, etc.) and liabilities,” the AIIB said in the statement. The AIIB has 102 members worldwide. © 2020 funds global asia

Sponsored Profiles

Sponsored feature: Asset allocators – How do you track your decisions?

Apr 06, 2020

Mark Barry, Head of Asset Allocation at Milestone Group, explores how a simple question can highlight opportunities to automate and streamline your asset allocation investment process.

Sponsored feature: How is DLT changing the global securities services landscape?

Oct 17, 2019

By Jeslyn Tan, global head of product management, securities services, at Deutsche Bank

Sponsored feature: A new base for fund distribution

Oct 16, 2019

To get the most value out of the digitisation of investment fund distribution, a blockchain-based infrastructure is fundamental. By Olivier Portenseigne, Managing Director and Chief Commercial Officer, Fundsquare.

Sponsored profile: Bridging the gap

Mar 11, 2019

Private equity is a core part of the business for Caceis’ Hong Kong office, which looks after clients in China and Europe. David Li, chief executive officer, explains why private equity enjoys strong client demand and how it is being used to fund China’s international infrastructure ambitions.

Executive Interviews

Executive interview: ‘China is the 800-pound gorilla’

Aug 04, 2020

Just over a year into his new role, Wai-Kwong Seck, chief executive officer at Eastspring Investments, discusses his business goals, the Covid-19 pandemic and China.

Executive interview: Understanding geographies

Apr 06, 2020

Margaret Harwood-Jones, co-head financing and securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage...

Roundtables

Hong Kong roundtable: A ‘fragile Goldilocks situation’

Apr 06, 2020

With the global economy at a crossroads, our panel of experts share their thoughts on the market conditions, geopolitical volatility and growth opportunities. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A horizon to hold long-term assets

Dec 12, 2019

Panellists discuss the geopolitical fractures concerning asset owners, Singapore as a hub for fintech start-ups and why it makes sense to raise capital from a Variable Capital Company (VCC). Chaired by Romil Patel in Singapore.