Bayfront Infrastructure Capital VI
portfolio
35 project and infrastructure loans and bonds
diversification
15 countries + 13 industry sub-sectors
Priced
March 2025
Our largest infrastructure asset-backed securities (IABS) issuance to date, Bayfront Infrastructure Capital VI Pte. Ltd. (BIC VI) offered investors exposure to a high-quality, diversified portfolio of project and infrastructure loans and bonds in Asia-Pacific, the Middle East and the Americas, in the form of investment grade rated and unrated notes.
Bayfront Infrastructure Capital VI
Investor relations
Issuance summary
| Class1 | Amount Issued (US$ million) | Amount Outstanding3 (US$ million) | Issue Ratings (Moody’s) | Spread4 | Legal Maturity Date | |
|---|---|---|---|---|---|---|
| Original | Current | |||||
| A1 | 198.9 | 198.9 | Aaa (sf) | Aaa (sf) | 130 bps | 11-Apr-2045 |
| A1-SU | 170.0 | 170.0 | Aaa (sf) | Aaa (sf) | 129 bps | 11-Apr-2045 |
| B | 74.8 | 74.8 | Aa1 (sf) | Aa1 (sf) | 165 bps | 11-Apr-2045 |
| C | 35.8 | 35.8 | Baa1 (sf) | Baa1 (sf) | 300 bps | 11-Apr-2045 |
| D | 21.0 | 21.0 | Not rated | Not rated | 550 bps | 11-Apr-2045 |
| Subordinated Notes2 | 26.5 | 26.5 | Not rated | Not rated | N.A. | 11-Apr-2045 |
| Total | 527.0 | 527.0 | ||||
1 The Class A – D notes are listed on the Singapore Exchange. The Class A – C Notes are rated by Moody’s.
2 Bayfront Infrastructure Management Pte. Ltd. (Bayfront), in its capacity as the Sponsor, has subscribed for 5% of each Class of Notes (including the Subordinated Notes) in order to comply with the UK Risk Retention Rules and EU Risk Retention Rules. Clifford Capital Holdings Pte. Ltd. has subscribed for 95% of the Subordinated Notes.
3 As of 19 March 2025
4 Spread is applied over Daily Non-Cumulative Compounded SOFR.
Offering document
Moody’s rating reports
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