Photo from Pexels by Karolina Grabowska

HKMC issues $3.3b nfrastructure loan-backed securities

It has 28 loans across 26 projects.

The Hong Kong Mortgage Corporation Limited (HKMC) completed its second $3.3b (USD423.3m) infrastructure loan-backed securities (ILBS) issuance through a special purpose vehicle (SPV), Bauhinia ILBS 2 Limited (Bauhinia 2).

Bauhinia 2 has 28 loans across 26 projects spreading across 14 countries and 10 sub-sectors. In total, five classes of notes were issued: Class A1-SU, Class A1, Class B, Class C and Class D), all of which are investment grade rated, with an aggregate principal of $3b (US$386.7m).

Class A1-SU is a US$107m sustainability tranche backed by sustainable, green and social assets.  

Asian Infrastructure Investment Bank (AIIB), participated as an anchor investor with a $2.3b (USD300m) investment.

China International Capital Corporation Hong Kong Securities Limited, ING Bank N.V., Singapore Branch, MUFG Securities Asia Limited, Natixis Hong Kong Branch and Standard Chartered Bank are the Joint Bookrunners.  

Fubon Bank (Hong Kong) Limited and Korea Investment & Securities Co., Ltd. are the Co-Managers whilst Standard Chartered Bank is the Sole Global Coordinator. 

(HKD1=US$0.13)

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.