HSBC Holdings plc (NYSE:HSBC) disclosed the launch of a Venture Debt offering worth $150 million in Singapore and a $1 billion ASEAN Growth Fund. The bank aims to scale high-growth companies and digital platform businesses. The Venture Debt capability offers companies a longer term and flexible financing solution for various funding requirements such as capital expenditure, runway extension, or working capital for up to three years in tenor. This launch complements HSBC’s existing New Economy Fund of $200 million to support working capital requirements of early-stage start-ups, thereby creatin…