Bloomberg A California-based clean-energy financing company closed a $103 million bond offering backed by commercial loans supporting renewables, energy-efficiency and water and seismic-upgrade projects. CleanFund Commercial PACE Capital Inc.’s bond deal is one of the first to bundle C-PACE obligations — commercial property assessed clean-energy — according to a statement. PACE uses property tax liens to repay the debts. The …

Bloomberg China’s central bank has started actively encouraging banks to extend more credit by taking a softer stance on loan quotas, people familiar with the matter said, as authorities ratchet up efforts to bolster a cooling economy. The People’s Bank of China (PBOC) has delivered the message via so-called window guidance, said the people, who asked not to be named …

Bloomberg India’s central bank raised its benchmark interest rate to the highest in two years as it stepped up efforts to curb inflation and stem capital outflows. Five of the six members of the monetary policy committee voted to raise the repurchase rate by 25 basis points to 6.5 percent, with Ravindra Dholakia the only one opposing it, the Reserve …