Asia Credit
Kazakh president’s pet project gets boost from China
China-Central Asia Monitor: June 5-11, 2026.
India approves $1bn support package to shield airlines from fuel price volatility
India's cabinet has approved a one-time budgetary support package of up to INR100bn ($1.04bn) for oil marketing companies to help stabilise aviation turbine fuel prices for domestic airlines.
Kazakhstan taking on lots of debt to China
China-Central Asia Monitor: May 22-28, 2026
Astana finally has its light rail metro system
Corruption, cost overruns and fires dogged the project for much of the 20 years it took to construct. Chinese-built automated service is driverless.
Pakistan’s debut Panda Bond issue oversubscribed amid strong investor demand
Pakistan’s first-ever Panda Bond issuance received an overwhelming response from investors and was oversubscribed, marking a major milestone in the country’s financial engagement with China and international capital markets.
USD syndicated Islamic murabaha loans beat sukuk sales amid war stress in bond markets
1Q shows the loans increasingly prominent in funding mix, driven by private nature, lower requirements and accommodating Gulf Cooperation Council banking systems.
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Pakistan plans debut Panda bond issue to tap Chinese capital markets
Pakistan is also evaluating alternative external borrowing options, including Eurobonds and commercial debt facilities, as it looks to replace a $3.5bn funding arrangement from the United Arab Emirates and maintain adequate foreign currency reserves.
South Korean finance giants hit record $4.2bn profit
The record-breaking performance masks a deepening fracture in the Korean financial landscape: while parent groups are thriving, core banking units are hitting a wall.
India’s bank credit growth seen at 13% in FY27
India’s bank credit growth is expected to be around 13% this fiscal year, driven by robust growth in the micro, small and medium enterprise and retail sectors.