The Hong Kong Mortgage Corporation HKMC has completed its second infrastructure loan-backed securities ILBS issuance of $423.3 million, according to a recent announcement.
The issuance was arranged through a special purpose vehicle SPV, Bauhinia ILBS 2 Bauhinia 2 and it follows HKMC’s first ILBS issuance in May 2023 for $404.8 million under Bauhinia 1, which was part of HKMC's pilot scheme for infrastructure financing securitisation.
The HKMC, which is headquartered in the International Commerce Centre ICC in West Kowloon, made a loss after tax of HK$260 million $33.4 million in 2023 compared with an after tax profit of HK$2.16...
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