Bayfront Infrastructure Capital V
portfolio
37 project and infrastructure loans and bonds
diversification
15 countries + 10 sub-sectors
Priced
July 2024
Bayfront Infrastructure Capital V Pte. Ltd. (BIC V) offered investors exposure to a high-quality, diversified portfolio of project and infrastructure loans and bonds in Asia-Pacific, the Middle East, the Americas and Africa.
Bayfront Infrastructure Capital V
Investor relations
Issuance summary
| Class1 | Amount Issued (US$ million) | Amount Outstanding4 (US$ million) | Issue Ratings (Moody’s) | Spread5 | Legal Maturity Date | |
|---|---|---|---|---|---|---|
| Original | Current | |||||
| A1 | 208.7 | 191.9 | Aaa (sf) | Aaa (sf) | 140 bps | 11-Apr-2043 |
| A1-SU | 145.0 | 133.4 | Aaa (sf) | Aaa (sf) | 137.5 bps | 11-Apr-2043 |
| B | 76.8 | 76.8 | Aa1 (sf) | Aa1 (sf) | 180 bps | 11-Apr-2043 |
| C | 32.0 | 32.0 | A3 (sf) | A3 (sf) | 350 bps | 11-Apr-2043 |
| D2 | 20.3 | 20.3 | Not rated | Not rated | 275 bps | 11-Apr-2043 |
| Pref Shares3 | 25.5 | 25.5 | Not rated | Not rated | N.A. | - |
1 Class A - C notes are rated by Moody’s and listed on the Singapore Exchange.
2 Class D Notes are unlisted and unrated, and are guaranteed by GuarantCo Ltd for principal and interest amounts payable. GuarantCo is rated A1 by Moody’s as of July 2024 and AA- by Fitch as of May 2024.
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 Daily Non-Cumulative Compounded Secured Overnight Floating Rate (SOFR).
Offering document
Moody’s rating reports
Audited financial statements
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