HSBC | Jotup

Fosun successfully completed the refinancing of approximately USD800 million loan

Retrieved on:

fredag, maj 10, 2024

Fosun International, Bank of China, Commerzbank, BNP Paribas, Standard Chartered, HSBC, QNB Group, HKEX, Hang Seng Bank, Bank, Bank of East Asia

HONG KONG, May 9, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International", "Fosun" or "the Company") has successfully completed the refinancing of its USD804 million loan due on 7 May 2024.

Key Points:

HONG KONG, May 9, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International", "Fosun" or "the Company") has successfully completed the refinancing of its USD804 million loan due on 7 May 2024.
As part of the refinancing process, the Company has successfully obtained a new syndicate loan of USD597 million, while the remaining was repaid through its own funds.
Fosun has established diversified financing channels, well-recognized financing capabilities and prudent financial policies, and has been proactively managing its debt duration and yield curve.
Looking ahead, Fosun will continue to implement its core business-focused strategy and improve its operating capabilities in advantageous industries.

Electric Hydrogen secures $100M credit facility from HSBC, J.P. Morgan, Stifel Bank and Hercules Capital to decarbonize critical industries at scale

Retrieved on:

torsdag, maj 9, 2024

The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.

Key Points:

The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.
Electric Hydrogen, headquartered in Natick, MA, is leading critical industries such as steel, fertilizer, shipping and aviation towards decarbonization with its powerful, U.S.-manufactured electrolyzers, designed to deliver the lowest cost green hydrogen on earth.
“For more than 150 years, HSBC has been supporting businesses as they scale and transform industries worldwide,” said Matt Perlow, Director, HSBC Innovation Banking.
“At J.P. Morgan, we are focused on serving companies who are helping decarbonize industries and building the green economy.

Reinsurance Group of America Announces Pricing of Senior Notes

Retrieved on:

onsdag, maj 8, 2024

Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that it has priced an aggregate principal amount of $650 million of 5.750% senior notes due 2034 (the “Senior Notes”) pursuant to a public offering.

Key Points:

Reinsurance Group of America, Incorporated (NYSE: RGA) (the “Company”) announced today that it has priced an aggregate principal amount of $650 million of 5.750% senior notes due 2034 (the “Senior Notes”) pursuant to a public offering.
The Company expects to use the net proceeds from the offering for general corporate purposes.
The Senior Notes have a maturity date of September 15, 2034, with a par-call option three months prior to maturity, an issue price of 99.287% and feature a fixed-rate coupon of 5.750%, payable semiannually.
The Company expects to complete the offering of the Senior Notes on May 13, 2024, subject to the satisfaction of customary closing conditions.

S&P Global Market Intelligence Global Bank Ranking: Chinese Banks Maintain Dominance in 2023 Despite Economic Headwinds

Retrieved on:

torsdag, maj 9, 2024

Agricultural Bank, JPMorgan Chase, HDFC Bank, Research, Commercial bank, Citigroup, HSBC, Bank, Face, S&P Global

NEW YORK, May 8, 2024 /PRNewswire/ -- Chinese banks maintained their dominance in the global largest lender rankings of 2023 despite a downturn in the property sector, according to the Global Bank Ranking published by S&P Global Market Intelligence, an annual ranking of the 100 largest banks in the world by total assets.

Key Points:

Chinese banks kept 20 positions in the ranking, including the top four, showcasing the continued strength of China's banking sector.
Industrial and Commercial Bank of China Ltd. remained the world's largest bank, with assets of $6.3 trillion.
"Elevated inflation and higher interest rates served as headwinds to global economic growth and the commercial real estate sector.
Despite a downturn in the property sector, Chinese banks retained their place as the largest in the world," said Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence.

Global Wellness Institute Extends Partnership with Singapore to Spotlight Growing Urban Wellness Economy

Retrieved on:

onsdag, maj 8, 2024

MIAMI, May 8, 2024 /PRNewswire-PRWeb/ -- The non-profit Global Wellness Institute (GWI), the leading research organization for the global wellness industry, today released new data on Singapore's US$16.3 billion wellness economy and all of its ten wellness markets. The country, despite its relatively small footprint (275 square miles with close to six million people), has an innovative and strong wellness economy, ranking #42 globally and #14 in Asia-Pacific. Singapore's per-capita wellness spend (US$2,898) is ranked #20 in the world, far outpacing both global (US$706) and Asia-Pacific (US$399) averages.

Key Points:

The new data is made possible by GWI's continuing partnership with the Singapore Tourism Board
MIAMI, May 8, 2024 /PRNewswire-PRWeb/ -- The non-profit Global Wellness Institute (GWI), the leading research organization for the global wellness industry, today released new data on Singapore's US$16.3 billion wellness economy and all of its ten wellness markets.
The agency has been successful in differentiating Singapore from other Asia-Pacific destinations by focusing on its unique wellness attributes, including urban wellness.
Singapore is renowned as a "City in Nature" and an urban biophilic wellness destination that embodies holistic wellness.
More data can be found here , including a detailed, downloadable country report entitled The Global Wellness Economy: Singapore .

Incode joins Global FinTech Alliance, expands to Europe to boost digital security.

Retrieved on:

måndag, maj 6, 2024

EDFA, Nubank, FIA, IDEA, AI, Fintech, Machine learning, Artificial intelligence, Growth, Citigroup, Digital, Legislation, HSBC, Government, AFN, Organization, SAN, Fraud

The Global FinTech Alliance, an initiative established in Madrid, serves as a nexus for the global digital finance industry.

Key Points:

The Global FinTech Alliance, an initiative established in Madrid, serves as a nexus for the global digital finance industry.
Incode seeks to establish partnerships with major companies across sectors such as banking, fintech, hospitality, airlines, and government.
This alliance was signed by representatives from the European Digital Finance Association (EDFA), the FinTech Alliance Iberoamerica (FIA), the Africa FinTech Network (AFN), and the Digital ASEAN & Digital Philippines & IDEA.
Globally, Incode collaborates with major banks and fintech companies such as Citi, HSBC, Nu Bank, and Chime, among others.

Energy Transitions Commission (ETC) Urges Government and Industry Collaboration to Overcome Perceptions of Offshore Wind Energy 'in Crisis'

Retrieved on:

torsdag, maj 2, 2024

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.

Key Points:

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
But in 2022-2023, inflation, supply chain bottlenecks, and higher interest rates led to rising offshore wind costs in some markets.
A perceived offshore wind "crisis" ensued, in the UK and US markets in particular, as many projects and contracts were cancelled.
– Agustín Delgado, Chief Innovation and Sustainability Officer, Iberdrola
Overcoming Turbulence in the Offshore Wind Sector has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy.

Energy Transitions Commission (ETC) Urges Government and Industry Collaboration to Overcome Perceptions of Offshore Wind Energy 'in Crisis'

Retrieved on:

torsdag, maj 2, 2024

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.

Key Points:

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
But in 2022-2023, inflation, supply chain bottlenecks, and higher interest rates led to rising offshore wind costs in some markets.
A perceived offshore wind "crisis" ensued, in the UK and US markets in particular, as many projects and contracts were cancelled.
– Agustín Delgado, Chief Innovation and Sustainability Officer, Iberdrola
Overcoming Turbulence in the Offshore Wind Sector has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy.

Armakuni Acquired by Simform to Transform Organisations to GenAI-Readiness in the EMEA Region

Retrieved on:

onsdag, maj 1, 2024

ORNALDO, Fla., May 1, 2024 /PRNewswire-PRWeb/ -- This strategic move strengthens Simform's capabilities, enhancing its advisory and strategic leadership offering, and enabling it to build and deliver high-performing product outcomes with, and for, organisations in the EMEA region.

Key Points:

Armakuni , the world's first Team Topologies partner, helps organisations build high-performing engineering capabilities and accelerate customer value delivery.
The combined expertise of Simform and Armakuni makes the venture a perfect partner for any enterprise seeking growth in the age of AI.
Faster and consistent builds on the cloud: Armakuni helps enterprises at various stages of their cloud adoption journey with engineering agility.
Sustainable long-term solutions over quick fixes: Both Simform and Armakuni's DNA prioritise long-term sustainable solutions over quick fixes.

Winner of Hong Kong’s Flagship Global Elevator Pitch Competition Crowned

Retrieved on:

fredag, maj 3, 2024

The HKSTP signature event held four semi-finals around the world in Hong Kong, Silicon Valley, Stuttgart and Singapore.

Key Points:

The HKSTP signature event held four semi-finals around the world in Hong Kong, Silicon Valley, Stuttgart and Singapore.
Paul Chan, Financial Secretary of Hong Kong SAR, said, "Last year, Hong Kong's start-ups exceeded 4 200 - up more than one third over just four years ago.
Ltd. from Singapore being named as the FinTech category winner, while Roboticplus.AI from Mainland China named the PropTech winner and tozero GmbH from Germany crowned the MobilityTech winner.
With Hong Kong as a connector, we can bring Mainland China's technology to Europe, the Middle East, and overseas."