Infrastructure loan sales terms signed

Tuesday, January 26, 2021

The Hong Kong Mortgage Corporation and MUFG Bank signed a Memorandum of Understanding today on an infrastructure loan sales framework.

The MoU sets out the main terms for potential infrastructure loan sales by MUFG to the HKMC, including selection criteria, mode of sales and engagement process.

This is the first MoU that the HKMC has signed with a commercial bank, and would further the mandates of the HKMC’s Infrastructure Financing and Securitisation business to fill the infrastructure financing market gaps and to consolidate Hong Kong’s position as an infrastructure financing hub, HKMC said the infrastructure financing deal flow presented by MUFG is conducive to HKMC’s business objective of infrastructure loan securitization.

Richard Yorke, MUFG’s head of global corporate and investment banking, Asia Pacific, said it has long sought to expand the investor base in Asia Pacific beyond traditional banking.