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 | Information | Second | Impact |
Quarterly and Payment Date Reports
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
Audited Financial Statements
FY 2023 |
Indicative Capital Structure
Class | Rating (Moody's)1 | Principal Amount (USD million) | Spread2 | Legal Maturity Date | |
A1-SU | Aaa (sf) | 100.00 | 1.60% | 19 October 2044 | |
A1 | Aaa (sf) | 199.60 | 1.70% | 19 October 2044 | |
B | Aa1 (sf) | 36.50 | 2.50% | 19 October 2044 | |
C | A2 (sf) | 18.25 | 3.95% | 19 October 2044 | |
D | Baa3 (sf) | 10.00 | 5.95% | 19 October 2044 | |
Subordinated Notes | Not rated | 40.43 | 6.00% | 19 October 2044 |
1 Original rating at date of closing.
2 Spread is applied over 6-month Term SOFR
Portfolio Overview
Documents
Sponsor and Collateral Manager |
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers | ||
Co-Manager |
Transaction Administrator, Trustee, Account Bank, Calculation Agent, Principal Paying Agent, Registrar and Transfer Agent | Legal advisers | |
Sustainable Finance | Pre-issuance Sustainability | Rating Agency |
Moody's Investors |
Corporate Services Provider |
Last Update Date: 11/09/2024