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  "documentTitle": "SOUTHEAST ASIA’S GREEN ECONOMY 2024",
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      "text": "Has attracted private capital through issuing Asia infrastructure asset-backed securities (IABS) with Bayfront investing in first-loss tranche and guarantees from the Singapore government",
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      "text": "Has structured and issued three additional transactions to date. Size of ~$400M for each issuance, consisting of 4-5 tranches of rated notes.",
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      "text": "Hesitations exist among investors due to the risks and barriers to entry (e.g., sub-investment grade ratings, illiquidity, etc.) associated with committing capital to infrastructure projects situated within the Asian region",
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      "text": "Notes: 1) Bayfront Infrastructure Capital; 2) Asian Infrastructure Investment Bank; 3) Sumitomo Mitsui Banking Corporation; Sources: Bayfront Capital; Lit. search; Bain analysis",
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