Daniel Stanton is head of Asian credit at IFR and is based in Singapore, where he has been reporting on capital markets since 2009. He has previously worked in Dubai, London and Pontypridd. He can be found tweeting at @IFRstanton.
Capital markets are set to play a greater role in financing Asian infrastructure, adding firepower to the banking sector’s traditional dominance of project finance, say analysts at rating agencies.
Abu Dhabi’s International Petroleum Investment has given 1Malaysia Development an extension to make a settlement payment that was due on July 31.
1Malaysia Development Berhad said it had failed to meet the July 31 deadline to pay around US$600m owed to Abu Dhabi’s