Stonepeak to debut $195 million debt security in Australia (Nov 5)

Core Viewpoint - Stonepeak, a U.S.-based investor, is launching a redeemable, infrastructure-backed debt security on the Australian Securities Exchange after securing over A$300 million ($194.94 million) in cornerstone commitments [1]. Group 1: Product Details - The Stonepeak-Plus INFRA1 Note will offer monthly interest payments linked to the one-month Bank Bill Swap benchmark rate (BBSW) plus a 3.25% annual margin, with trading expected to begin on December 10 [2]. - The note aims to provide Australian investors with access to regular monthly income generated through a curated portfolio of high-quality infrastructure debt assets [2]. Group 2: Company Background - Stonepeak began investing in Asia in 2019 and currently manages $79.9 billion in assets globally [3]. - The company is seeking to raise as much as $4 billion for its second Asia-focused infrastructure fund [3].