DBT Bureau
Pune, 12 May 2025
- Banks in the region raised an aggregate of $16.65 billion through debt during the month, according to S&P Global Market Intelligence data compiled on a best-efforts basis. While the figure represented a 29.0% increase from February, it was still 10.5% lower than a year ago.
- Japan’s Sumitomo Mitsui Trust Bank Ltd. was the largest debt issuer in the region in March, with an aggregate of $2.50 billion raised through four offerings, according to S&P Global Market Intelligence data.
- Asian Development Bank issued the largest single debt deal of $2.0 billion and completed an additional nonconvertible debt issuance of $79.0 million denominated in Turkish lira, bringing its total March issuance to $2.079 billion, the data show. The Philippines-based multilateral lender raised an aggregate debt of $736.5 million in February. Singapore-based United Overseas Bank Ltd. raised $2.0 billion through three deals.
- Other active debt issuers included DBS Group Holdings Ltd., Singapore’s largest bank by assets, which raised $874.47 million through two deals. Sydney-based Commonwealth Bank of Australia raised approximately $1.50 billion through issuances denominated in US dollars and Swiss francs.
- Three Indian banks, UCO Bank, Central Bank of India and Punjab & Sind Bank, accounted for nearly all of the $551.40 million in equity capital raised by Asia-Pacific banks in March, an increase from zero in the previous month. Still, the figure was 61.2% lower than the $1.42 billion in equity capital raised by banks in the region a year ago.
