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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 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 2026
New Issue Report

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Information Memorandum icon

Oct 2026
Rating Action

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Capital Structure

 

ClassRating (Moody's)1Principal Amount (USD million)Spread2Legal Maturity Date
A1-SUAaa (sf)128.501.25%19 October 2045
A1Aaa (sf)242.201.26%19 October 2045
BAa2 (sf)46.001.55%19 October 2045
CA3 (sf)18.001.75%19 October 2045
DNot rated22.604.95%19 October 2045
Subordinated NotesNot rated24.17Not Disclosed19 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 30
Moody's New Issuance Report
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Oct 30
Moody's Rating Action
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Sponsor and Collateral Manager 
hkmc

 

Sole Global Coordinator and Joint Bookrunner
 Standard Chartered

  

Joint Bookrunners
BNPPCICCING
MUFGSMBC

 

Co-Managers
FubonBankLogoGTHT

 

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
 SustainableFitchERM 
Moody's Investors
Service Ltd
CSC Global

Last Update Date: 30/10/2026

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