The deal by the Singapore infrastructure player is for a $60m green bond issued by India's Continuum Green Energy to support its renewable energy and battery storage expansion.
Bayfront VIII has a portfolio of 44 project finance and infrastructure loans and bonds across 40 obligors based in Asia Pacific, Europe and the Americas.
Across four tranches, it the Singapore firm's inaugural Australian issuance and continues the infrastructure platform's fundraising momentum with its largest private placement.
The offerings attracted public sector institutions, banks, asset managers, corporates and private banks, with particularly strong participation from Asia.
It is the group's largest public IABS issuance to date and its first in the Rule 144A/Reg S format with US onshore investors involved. Clifford Capital's group CEO told FA the deal "reflects the growing interest and appetite in infrastructure returns from institutional investors".
Group chief executive officer P. Murlidhar (Murli) Maiya recently discussed the infrastructure debt financing landscape and its scalability with FinanceAsia.
The finance company issues Singapore’s first government guaranteed dollar note, pricing at the tightest spread seen from an Asian issuer in more than five years.
