Infrastructure Debt
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Infrastructure debt
Our main focus for Infrastructure Debt solutions is on investment grade senior secured infrastructure debt, sourced globally. Equipped with a fiduciary origination strategy approach to transactions that meets investors’ investment objectives and risk-return requirements, we offer a flexible platform of separate managed accounts, with the ability either to invest directly or through non-pooled holding structures.
Why invest in senior infrastructure debt?
Improve yields and better risk-adjusted returns♦ Favourable yield comparison to corporate and sovereign credit of similar or better credit quality and duration. ♦ Liquidity/complexity premium achievable |
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Improve regulatory* capital efficiency♦ Efficient capital treatment for Solvency II Qualifying Infrastructure Investments, even when unrated. Investors often rely on internal / manager credit rating estimates. |
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Volatility control♦ Stable predictable cash flows with low volatility. ♦ Low correlation to the market and traditional asset classes. ♦ Best exploited by constructing diversified portfolios by duration, sectors, geographies |
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Credit risk reduction♦ Investment-grade or strong non-investment-grade quality, predictable cash flows, robust covenant protection and high value collateral, leading to lower default rates and higher recovery rates than comparable credit** |
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Improved liability hedging/matching♦ Maturities of up to 40 years offering ability to target bespoke durations and formats |
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Source: HSBC Global Asset Management. March 2019. For Illustrative purposes only.
*Refers to Solvency Capital under Solvency II. **Moody's Investors Service,18 July 2016.
Investment involves risk and past performance is not indicative of future performance.
Why HSBC Global Asset Management for Infrastructure Debt?
Flexible Investment Platform♦ Flexible product platform to accommodate different bond / loan / private placement format instruments ♦ Ability to source fixed or floating assets according to client needs |
Global Asset Sourcing Capability♦ Complementary, global deal sourcing channels ♦ Extensive buy-side relationships with arranging banks, investors, financial advisers and borrowers ♦ Ability to leverage HSBC’s relationships and brand in the infrastructure market |
Rigorous Asset Allocation♦ Strong team expertise in infrastructure financing ♦ Independent, robust credit analysis and selection process ♦ Documented internal ratings approach ♦ Investment decision by experienced investment committee |
Team Credentials
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Depth of resources |
Experience |
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5 Investment professionals solely dedicated to Infrastructure Debt |
7 Infrastructure Investment Forum members overseeing each transaction |
17 Years average experience in the Infrastructure Debt Investments team |
23 Years average Infrastructure Debt experience among the Portfolio Managers |
Insights
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To find out more about infrastructure debt from our relationship managers, please click here:
This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. This page does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited (“AMHK”) accepts no liability for any failure to meet such forecast, projection or target. AMHK has based on information obtained from sources it reasonably believes to be reliable. However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information.
Alternative investments may not be suitable for all clients. As with any investment, the value and any income from them can go down as well as up and you may not get back the amount originally invested. However, these products can be highly speculative; more volatile; less liquid and are generally intended for experienced and financially sophisticated investors who are willing to bear the risks associated with such investments.
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