Singapore: Asia Infrastructure Securitization Program II

approved

The project involves an anchor investment of up to USD 80 million in Bayfront Infrastructure Management's (Bayfront) second issuance of infrastructure asset-backed securities (IABS). AIIB anchored Bayfront's first IABS issuance in June 2021 (Bayfront Infrastructure Capital [BIC] II). Developing the IABS market is a scalable solution with potential to address Asia's infrastructure financing gap, providing the most common channel, e.g., rated debt securities, for institutional investors to access emerging market infrastructure assets. AIIB's support, directly through anchor investments and indirectly through positive market signaling, will contribute to the success of Bayfront's ongoing issuance program, the viability of the Bayfront platform and, ultimately, to the development of IABS as an investable asset class. Update on AIIB's holdings: as of November 1, 2024, AIIB only holds Class A1 - SU Notes (sustainability tranche).