Bayfront Infrastructure Capital III
portfolio
28 project and infrastructure loans
diversification
13 countries + 8 sub-sectors
Priced
September 2022
Featuring a dedicated Aaa-rated sustainability tranche, Bayfront Infrastructure Capital III Pte. Ltd. (BIC III) offered a diversified portfolio of high-quality project and infrastructure loans across Asia-Pacific, the Middle East and the Americas.
Bayfront Infrastructure Capital III
Investor relations
Issuance summary
| Class1 | Amount Issued (US$ million) | Amount Outstanding4 (US$ million) | Issue Ratings (Moody’s) | Spread5 | Legal Maturity Date | |
|---|---|---|---|---|---|---|
| Original | Current | |||||
| A1 | 187.9 | 97.2 | Aaa (sf) | Aaa (sf) | 155 bps | 11-Apr-2044 |
| A1-SU | 110.0 | 56.9 | Aaa (sf) | Aaa (sf) | 150 bps | 11-Apr-2044 |
| B | 33.4 | 33.4 | Aa1 (sf) | Aaa (sf) | 230 bps | 11-Apr-2044 |
| C2 | 43.0 | 43.0 | Baa3 (sf) | Baa1(sf) | 460 bps | 11-Apr-2044 |
| Pref Shares3 | 30.2 | 30.2 | Not rated | Not rated | N.A. | - |
1 Class A - C Notes are rated by Moody’s and listed on the Singapore Exchange.
2 Class C Notes were issued at an Original Issue Discount of 4.2%, with an incremental volume of Preference Shares being issued to cover the cost of this discount
3 Not offered, solely retained by Bayfront as Sponsor of the transaction
4 As of 11 April 2025
5 Spread is applied over 6-month Term Secured Overnight Floating Rate (SOFR).
Offering document
Moody’s rating reports
Payment date and investor reports
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