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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 notice icon

Formal
Notice
 

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Information Memorandum icon

Information
Memorandum
  

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Second Party Opinion icon

Second
Party Opinion
 

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Impact Report icon

Impact
Report 

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Quarterly and Payment Date Reports

download Sept 2023 report

Dec 2024 

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download Sept 2023 report

Mar 2025 

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Audited Financial Statements

download FY2024 Audited Financial Statements

FY 2024 

Download PDF

 

Moody's Rating Reports

Information Memorandum iconSep 2024
New Issue Report 

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Information Memorandum icon

Sep 2024
Rating Action
 

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ClassRating (Moody's)1Principal Amount (USD million)Spread2Legal Maturity Date
A1-SUAaa (sf)107.001.35%19 October 2044
A1Aaa (sf)209.501.40%19 October 2044
BAa1 (sf)34.001.80%19 October 2044
CA2 (sf)20.503.40%19 October 2044
DBaa3 (sf)15.703.95%19 October 2044
Subordinated NotesNot rated36.595.50%19 October 2044

 

1 Original rating at date of closing.

2 Spread is applied over 6-month Term SOFR

 

Portfolio Overview

Documents

May 02
FY2024 Audited Financial Statements
Download PDFDownload PDF
Apr 17
Mar 2025 Payment Date Report
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Jan 17
Dec 2024 Quarterly Report
Download PDFDownload PDF

 

Sponsor and Collateral Manager 
hkmc

 

Sole Global Coordinator and Joint Bookrunner
 Standard Chartered

  

Joint Bookrunners
CICCINGMUFGNatixis

 

Co-Managers
Fubon Bank logoKorea Investment & Securities

 

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

 

Pre-issuance Sustainable Finance Second Party
Opinion Provider
Pre-issuance Sustainability
Impact Advisor 
Rating Agency
 
Corporate Service Providers
 dnvERM  
Moody's Investors
Service Ltd
CSC Global 

Last Update Date: 02/05/2025