HKMC’s Third Infrastructure Loan-backed Securities Issuance

On October 17, 2025, the Hong Kong Mortgage Corporation Limited (HKMC) announced the successful completion of its third infrastructure loan-backed securities (ILBS) issuance through a special purpose vehicle, Bauhinia ILBS 3 Limited. This issuance continues HKMC’s efforts to develop the ILBS asset class, following successful issuances in 2023 and 2024. The Bauhinia 3 portfolio consists of 33 project and infrastructure loans valued at approximately US$450.5 million across 12 countries and 9 sectors. The offering attracted strong interest from a diverse investor base, including new and repeat investors, with notable participation from outside Asia. The issuance includes an US$117 million sustainability tranche backed by green and social assets, aligning with international financing standards. Standard Chartered Bank served as the Sole Global Coordinator for the offering, which has been listed on The Hong Kong Stock Exchange. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/10/20251017-3/