
The Hong Kong Mortgage Corporation Limited
Bauhinia ILBS 4
Bauhinia ILBS 1 Limited (2026 issuance), posting calling its 2023 issuance on 20 October 2026, constructed a US$481.5 million diversified portfolio of infrastructure loans and other financial assets across multiple geographies and sectors. The Portfolio is diversified across 32 projects among 11 sub-sectors as at the date of the Information Memorandum. The projects underlying the Portfolio are located in 15 countries across the Africa, Asia-Pacific, Europe, the Middle East 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 2026 |
Capital Structure
| Class | Rating (Moody's)1 | Principal Amount (USD million) | Spread2 | Legal Maturity Date | |
| A1-SU | Aaa (sf) | 128.50 | 1.25% | 19 October 2045 | |
| A1 | Aaa (sf) | 242.20 | 1.26% | 19 October 2045 | |
| B | Aa2 (sf) | 46.00 | 1.55% | 19 October 2045 | |
| C | A3 (sf) | 18.00 | 1.75% | 19 October 2045 | |
| D | Not rated | 22.60 | 4.95% | 19 October 2045 | |
| Subordinated Notes | Not rated | 24.17 | Not Disclosed | 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 |
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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, Account Bank, Custodian, Calculation Agent, Principal Paying Agent, Registrar, Transfer Agent and Trustee | |
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Legal Advisers | ||
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Pre-issuance Sustainable Finance Second Party | Pre-issuance Sustainability | Rating Agency | Corporate Service Providers |
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Last Update Date: 30/10/2026



















