
The Hong Kong Mortgage Corporation Limited
Bauhinia ILBS 2
Bauhinia ILBS 2 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$423.3 million. The Portfolio is diversified across 26 projects among 10 sub-sectors as at the date of the Information Memorandum. The projects underlying the Portfolio are located in 14 countries across the Asia-Pacific, Middle East and the Latin America regions. The Portfolio predominantly includes water, telecommunication, natural resources, energy and power generation infrastructure assets.
 Formal   | 
 Information  | 
 Second   | 
 Impact   | 
Quarterly and Payment Date Reports
 Dec 2024  | 
 Mar 2025  | 
 Jun 2025  | 
 Sep 2025  | 
Audited Financial Statements
 FY 2024  | 
Moody's Rating Reports
  | 
 Sep 2024  | 
Capital Structure
| Class | Rating (Moody's)1 | Principal Amount (USD million) | Spread2 | Legal Maturity Date | |
| A1-SU | Aaa (sf) | 107.00 | 1.35% | 19 October 2044 | |
| A1 | Aaa (sf) | 209.50 | 1.40% | 19 October 2044 | |
| B | Aa1 (sf) | 34.00 | 1.80% | 19 October 2044 | |
| C | A2 (sf) | 20.50 | 3.40% | 19 October 2044 | |
| D | Baa3 (sf) | 15.70 | 3.95% | 19 October 2044 | |
| Subordinated Notes | Not rated | 36.59 | 5.50% | 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 | 
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Sole Global Coordinator and Joint Bookrunner | 
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Joint Bookrunners | |||
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Co-Managers | |
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Transaction Administrator, Trustee, Account Bank, Calculation Agent, Principal Paying Agent, Registrar and Transfer Agent | Legal Advisers | |
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Pre-issuance Sustainable Finance Second Party | Pre-issuance Sustainability | Rating Agency |  Corporate Service Providers | 
 ![]()  | ![]()  |  Moody's Investors |    | 
Last Update Date: 16/10/2025
















 
 
 
 
 
 
 
