BC Group launches BC Invest Australian Credit Fund; Green Units the first of their kind in Australia

14 February 2022, Hong Kong – BC Group, one of the fastest growing non-bank financial institutions in Asia Pacific with A$3.9b total assets under management, today announced the launch of the BC Invest Australian Credit Fund (the Fund).

The Fund offers investors the opportunity to invest in four classes of units:

1) Green Units – Class A1 Units (3-month term of investment) and Class A2 Units (6-month term of investment) will offer investment in securities backed by mortgage assets secured by Australian residential and commercial properties and cash assets with the proceeds allocated to Eligible Green Loans originated by BC Group under its Green Financing Framework. Class A1 Units are offered with a target variable rate of 2.10% p.a. and Class A2 Units with a target variable rate of 2.35% p.a.

2) Credit Units – Class A3 Units (1-year term of investment) and Class A4 Units (2-year term of investment) offer investment in securities backed by mortgage assets secured by Australian residential and commercial properties and cash. Class A3 Units are offered with a target variable rate of 4.65% p.a. and Class A4 Units with a target variable rate of 4.80% p.a.

The BC Invest Australian Credit Fund is the first investment product of its kind in Australia, offering investors the ability to direct their investment into energy efficient housing.

BC Group CEO David Hinde said:

“BC Group has long recognised the significant impact that property has on global greenhouse gas emissions and we are excited to be able to offer an investment product that will enable improved energy efficiency in the building sector.

“By ensuring the full amount invested in Green Units in the Fund is used to refinance green mortgage loans originated by the BC Group, we believe the Fund is unique in offering investors capital stability and an attractive target income return, together with genuine environmental impact.”

All Green Units have been independently certified as Climate Bonds by the Climate Bonds Initiative and are aligned with the goals set out by the Paris Agreement.

Metrics Credit Partners acted as Sustainability Coordinator in respect of the Fund, working closely with BC Invest to develop its Green Financing Framework and obtain Climate Bonds certification.

Andrew Lockhart, Managing Partner of Metrics Credit Partners, said:

“Metrics is proud to have acted as sustainability coordinator for this pioneering offering of Green Units.

“As the first non-bank asset manager in Australia to become a Climate Bonds Partner, Metrics is determined to play a leading role in promoting and assisting with the transition to a low carbon economy. We are delighted to work with BC Invest and the Climate Bonds Initiative to offer green investment opportunities to investors in Australia.”

Sean Kidney, CEO, Climate Bonds, said:

"As the climate clock races, so should finance that supports green solutions. Capital allocation towards Paris-aligned investments needs to accelerate every year, rippling through to the real economy, including energy efficient buildings. We congratulate BC Invest on its innovative Green Units, supporting investment in energy efficient homes in Australia. It's a positive in domestic market development."

The launch of the BC Invest Australian Credit Fund follows a period of rapid expansion for BC Group, including the acquisition of a strategic partnership and long-term funding support arrangement with one of Australia’s leading non-bank lenders, Mortgageport, in October 2021, the Group’s launch in September 2021 into the UK market where it secured a GBP£255m warehouse facility from Credit Suisse to fund buy-to-let mortgages to non-resident overseas investors, an A$500m RMBS transaction in July 2021 that attracted over A$2b in bids and the launch of its BC Invest Credit Fund Series #1 in 2020 and subsequent Series #2 and Series #3 in 2021.

The Group is forecast to grow assets under management to more than A$25b within the next 5 years.

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ABOUT BC INVEST:

BC Invest is a fast-growing diversified financial services group, headquartered in Hong Kong SAR. BC Invest has offices in Australia, United Kingdom, Singapore, Hong Kong SAR, Malaysia, New Zealand, China and Vietnam. It offers a wide-range of financial services, including mortgage lending, asset management, tax and accounting services, and has strategic investments in fintech & proptech companies. BC Invest is majority-owned by a group of institutional shareholders, including Far East Consortium International Limited, one of Asia’s largest alternative investment management firms, and Metrics Credit Partners, a leading Australian non-bank corporate lender and alternative asset manager specialising in fixed income, private credit, equity and capital markets. BC Invest is supported by some of the leading global names in finance, including international banks and global credit funds.

For further information, please visit:

www.bcinvest.co

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Miche Hartigan: +61 (0)400 353 762