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 |
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
Documents
Sponsor and Collateral Manager |
Sole Global Coordinator and Joint Bookrunner |
Joint Bookrunners | |||
Co-Managers | |
Transaction Administrator, Trustee, Account Bank, Calculation Agent, Principal Paying Agent, Registrar and Transfer Agent | Legal advisers | |
Pre-issuance Sustainable Finance Second Party | Pre-issuance Sustainability | Rating Agency | Corporate Service Providers |
Moody's Investors |
Last Update Date: 02/10/2024