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The Hong Kong Mortgage Corporation Limited

Bauhinia ILBS 3

Bauhinia ILBS 3 Limited acquired a diversified portfolio of infrastructure loans and other financial assets across multiple geographies and sectors from the HKMC for an aggregate purchase consideration of US$450.5 million. The Portfolio is diversified across 28 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, Europe, Middle East, North and South 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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Second Party Opinion icon

Second
Party Opinion
 

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Impact Report icon

Impact
Report 

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Moody's Rating Reports

Information Memorandum iconOct 2025
New Issue Report 

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Information Memorandum icon

Oct 2025
Rating Action
 

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Capital Structure

 

ClassRating (Moody's)1Principal Amount (USD million)Spread2Legal Maturity Date
A1-SUAaa (sf)117.001.29%19 October 2045
A1Aaa (sf)229.901.30%19 October 2045
BAa1 (sf)32.001.65%19 October 2045
CA3 (sf)33.001.95%19 October 2045
DBa1 (sf)16.005.00%19 October 2045
Subordinated NotesNot rated22.597.20%19 October 2045

 

1 Original rating at date of closing.

2 Spread is applied over daily non-cumulative compounded SOFR, for interest payable every 6-month period

Portfolio Overview

 

Portfolio Overview

Documents

Oct 17
Moody's New Issuance Report
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Oct 17
Moody's Rating Action
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Sponsor and Collateral Manager 
hkmc

 

Sole Global Coordinator and Joint Bookrunner
 Standard Chartered

  

Joint Bookrunners
CICCINGMUFG

 

Co-Manager
FubonBankLogo

 

Transaction Administrator, Account Bank, Custodian, Calculation Agent, Principal Paying Agent, Registrar, Transfer Agent and Trustee
deutsche bank

 

Legal Advisers
LinklatersSimmons&SimmonsLogoClifford 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: 17/10/2025