Singapore: BIC IV

approved

The Project involves an USD80 million anchor investment into Bayfront Infrastructure Management Pte. Ltd.'s (Bayfront) latest issuance of infrastructure asset backed securities (IABS). This follows AIIB's investments into Bayfront's previous IABS issuances in 2021 (BIC II) and 2022 (BIC III). Ongoing support to IABS is required to build the track record of primary issuances and liquidity in the Asian capital markets. AIIB's support will contribute to the continued development of IABS as an investable asset class, linking global institutional capital to infrastructure debt assets in the Asia-Pacific and Middle East regions. In addition, under its climate strategy, Bayfront will implement climate targets which are in alignment with the goals of the Paris Agreement and look to decarbonize its portfolio in future IABS issuances. Update on AIIB's holdings: as of November 1, 2024, AIIB only holds Class A1 - SU Notes (sustainability tranche).