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The Hong Kong Mortgage Corporation Limited

Bauhinia ILBS 1

Bauhinia ILBS 1 Limited acquired a diversified portfolio of project and infrastructure loans across multiple geographies and sectors from the HKMC for an aggregate purchase consideration of US$404.8 million. The Portfolio is diversified across 25 projects among 9 sub-sectors as at the date of the Information Memorandum. The projects underlying the Portfolio are located in 12 countries across the Asia-Pacific, Middle East and the South America regions. The Portfolio has been assembled with a focus on availability-based infrastructure assets in the conventional power and water and social subsectors.

 

Formal
Notice
 

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Information
Memorandum
 

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Second
Party Opinion

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Impact
Reports

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Quarterly and Payment Date Reports

Sep 2023 

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Dec 2023 

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Mar 2024 

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Audited Financial Statements

FY 2023 

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Indicative Capital Structure

 

ClassRating (Moody's)1Principal Amount (USD million)Spread2Legal Maturity Date
A1-SUAaa (sf)100.001.60%19 October 2044
A1Aaa (sf)199.601.70%19 October 2044
BAa1 (sf)36.502.50%19 October 2044
CA2 (sf)18.253.95%19 October 2044
DBaa3 (sf)10.005.95%19 October 2044
Subordinated NotesNot rated40.436.00%19 October 2044

 

1 Original rating at date of closing.

2 Spread is applied over 6-month term SOFR

Portfolio Overview

Documents

May 03
FY2023 Audited Financial Statements
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Apr 18
Mar 2024 Payment Date Report
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Apr 15
Moody's Ratings Action on Class C and Class D Notes
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Mar 27
Moody's Assessment Announcement
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Jan 18
Dec 2023 Quarterly Report (revised on 31 January 2024)
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Sponsor and Collateral Manager 

  

Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
ING

 

Co-Manager
Fubon

  

Transaction Administrator, Trustee, Account Bank, Calculation Agent, Principal Paying Agent, Registrar and Transfer Agent
Legal advisers
LinklatersClifford Chance

 

Sustainable Finance
Opinion Providers
Pre-issuance sustainability
impact advisor
Rating Agency
Moody's Investors
Service Ltd

 

Corporate Services Provider
intertrust

Last Update Date: 03/05/2024