Bayfront Infrastructure Management has priced its infrastructure asset-backed securities issuance through Bayfront Infrastructure Capital II.
Bayfront is a platform designed for institutional investors to access Asia Pacific infrastructure debt. Since its inception in November 2019, the company has signed agreements with 22 partner banks active in the Asia Pacific region, regarding collaboration on the takeout mechanism for project and infrastructure loans.
Five classes of investment-grade notes, with an aggregate principal amount of $361.1 million, were offered to institutional investors. Specifically, a dedicated $120 million senior sustainability tranche, representing 33.2 percent of the aggregate principal amount of the notes, was offered. The transaction offers investors exposure to a $401.2 million portfolio of 27 project and infrastructure loans, diversified across 13 countries and eight industry subsectors.
The proceeds from the notes will be fully alloc
