HKMA Announces Infrastructure Loan Partnership of HKMC and Five Banks
HKMA announced that the Hong Kong Mortgage Corporation Limited (HKMC) signed Memoranda of Understanding (MoUs) with five partner banks on infrastructure loans framework. The five banks are Crédit Agricole Corporate and Investment Bank, HSBC, ING Bank, Natixis SA, and Standard Chartered Bank. The MoUs set out the principal terms for potential infrastructure loan cooperation on both primary participation and secondary sale bases, in addition to including the loan selection criteria, mode of participation, and engagement process. The MoUs would further the mandates of the Infrastructure Financing and Securitization business of HKMC to meet the infrastructure financing market gaps.
Keywords: Asia Pacific, Hong Kong, Banking, Securitization, Infrastructure Loans Framework, Credit Risk, HKMC, HKMA
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