
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 | Second | Impact |
Moody's Rating Reports
| Oct 2025 |
Capital Structure
Class | Rating (Moody's)1 | Principal Amount (USD million) | Spread2 | Legal Maturity Date | |
A1-SU | Aaa (sf) | 117.00 | 1.29% | 19 October 2045 | |
A1 | Aaa (sf) | 229.90 | 1.30% | 19 October 2045 | |
B | Aa1 (sf) | 32.00 | 1.65% | 19 October 2045 | |
C | A3 (sf) | 33.00 | 1.95% | 19 October 2045 | |
D | Ba1 (sf) | 16.00 | 5.00% | 19 October 2045 | |
Subordinated Notes | Not rated | 22.59 | 7.20% | 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
Documents
Sponsor and Collateral Manager |
![]() |
Sole Global Coordinator and Joint Bookrunner |
![]() |
Joint Bookrunners | |||
![]() | ![]() | ![]() | ![]() |
Co-Manager | |
![]() |
Transaction Administrator, Account Bank, Custodian, Calculation Agent, Principal Paying Agent, Registrar, Transfer Agent and Trustee | |
![]() |
Legal Advisers | ||
![]() | ![]() | ![]() |
Pre-issuance Sustainable Finance Second Party | Pre-issuance Sustainability | Rating Agency | Corporate Service Providers |
![]() | ![]() | Moody's Investors | ![]() |
Last Update Date: 17/10/2025