Key Highlights:

• Stonepeak to issue redeemable infrastructure-backed notes in Australia
• $195 million offering secured over A$300 million in cornerstone commitments
• Notes provide monthly interest linked to BBSW + 3.25% margin

SYDNEY, Nov 5 (Reuters) – U.S.-based investment firm Stonepeak announced plans to debut a redeemable, infrastructure-backed debt security on the Australian Securities Exchange (ASX) after securing more than A$300 million ($194.94 million) in cornerstone commitments.

The Stonepeak-Plus INFRA1 Note will offer monthly interest payments tied to the one-month Bank Bill Swap (BBSW) benchmark rate plus a 3.25% annual margin. Trading is expected to begin on December 10, 2025.

“The Stonepeak-Plus INFRA1 Note will provide Australian investors with access to steady monthly income from a curated portfolio of high-quality infrastructure debt assets,” the firm said in a statement.

Joint lead managers for the offering include E&P Capital, Westpac, and Morgans, among others.

Stonepeak, which entered Asian markets in 2019 and manages $76.3 billion in global assets, is also seeking to raise up to $4 billion for its second Asia-focused infrastructure fund, Reuters reported in September.

This move highlights growing demand from investors for infrastructure-backed investment products in Australia, offering reliable yields and exposure to high-quality assets.