GuarantCo guarantees Class D tranche subscribed by the Bank of the Philippine Islands (BPI) and Chandra Asri Trading Company Pte. Ltd. (CATCO), a subsidiary of the Chandra Asri Group, in Clifford Capital’s Bayfront Infrastructure Management transaction for Bayfront Infrastructure Capital V USD 508.3 million infrastructure asset-backed securities. This is the second collaboration between Bayfront and GuarantCo following the first transaction in September last year. It is the first time that BPI and CATCO have invested in a debt issuance guaranteed by GuarantCo.

Whilst the Class A1, Class A1-SU, Class B and Class C Notes are rated investment grade by Moody’s Ratings and would be listed on the Singapore Exchange, the Class D Notes (amounting to USD 20.3 million), which are unrated and unlisted, benefit from a guarantee from GuarantCo for principal and interest amounts payable.

The provision of the guarantee by GuarantCo in relation to the Class D Notes helps to support the financing or refinancing of sustainable infrastructure projects and infrastructure debt as permitted by the Private Infrastructure Development Group’s investment policy.