Malaysia's Hong Leong Islamic Bank Bhd, a wholly owned unit of Hong Leong Bank, has set up an Islamic bond programme to raise as much as 1 billion ringgit ($310 million).
The subordinated sukuk programme is Basel-III compliant and will be treated as Tier 2 regulatory capital, rating agency RAM Ratings said in a statement on Wednesday.
Maybank Islamic, RHB Islamic and AmIslamic have also made moves into Basel-III compliant sukuk issues this year.
Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.
U.S. law firm Kramer Levin Naftalis & Frankel and global legal giant Herbert Smith Freehills are planning to merge to create a firm with more than 2,700 lawyers, according to a joint statement on Monday.
Japanese boutique Tokyo International Law Office (TKI) is set to establish its first overseas outpost with the opening of a Singapore office in January 2025, marking a significant milestone in the rapidly expanding firm's global strategy.