Australia and New Zealand
Australia / New Zealand
Supporting the Energy Transition and Social Infrastructure
BAM Mutual insurance will support capital access for essential infrastructure projects in Australia and New Zealand.
BAM’s guaranty can benefit investors and sponsors in projects including electricity transmission and distribution networks that support the energy transition, social infrastructure, and transportation facilities. The BAM team’s unmatched market knowledge and experience stands ready to help issuers optimize the efficiency, timing, and transparency of their bond financings.
BAM insurance is available for bonds and loans, and can be applied to new-issues and outstanding debt. Every BAM-insured bond is rated AA with a Stable outlook from S&P Global Ratings.
Underwriting Standards
BAM is a monoline bond insurer that guarantees transactions that finance essential infrastructure.
BAM’s Underwriting Standards are customized to specific sectors and bond structures, and produce consistent, relevant credit analysis and underwriting decisions. In Australia and New Zealand, BAM will insure projects that align with our existing, tested credit appetite. BAM’s focus means that its insured portfolio is backed by reliable revenue streams with low volatility and minimal political risk, and our underwriting standards focus on sectors where loss severity is low.
FAQs
Why Choose BAM?
BAM-insured bonds are backed by our unconditional guarantee and are rated AA with a Stable outlook by S&P Global Ratings – the highest rating S&P assigns to any bond insurer – helping bond issuers access the capital markets efficiently and at the lowest possible cost. Since 2012, BAM has insured more than $150 billion of bonds used to finance essential infrastructure for more than 6,000 communities. The BAM team is the most experienced in the industry: That means underwriters, municipal advisors, and issuers can rest assured knowing their transactions – whether for a $5 million wastewater system or a $100 million+ complex project finance initiative – will receive the same expert analysis and the highest level of customer service.
How does BAM price insurance?
BAM insurance premiums are calculated as a percentage of total debt service, and can also be quoted in terms of the spread on each maturity. Payments are typically made upfront, with installment pricing available upon request.
How do I obtain an insurance bid from BAM?
Contact your BAM underwriter or visit our page for more information about the required materials and timelines to obtain a BAM insurance quote.
Does BAM insure private placements?
Yes. While private placement insurance is fairly rare in the market, BAM is well-equipped to provide it where needed. Please follow the same process outlined above to request a coverage bid.
Does BAM insure non-rated deals?
Yes. BAM does not require a public underlying rating, but BAM only insured high-quality bonds for essential infrastructure that earn an investment-grade rating from our internal analysts.
How long do you need to review a deal?
BAM typically requests a minimum of two weeks to review a deal. BAM’s underwriters will work with issuers and transaction teams to accommodate faster turnarounds when possible.
BAM’s Infrastructure Experts
The BAM Australia / New Zealand team is based in Melbourne and brings decades of experience in analyzing and insuring debt for essential infrastructure in the region and globally.
To discuss an upcoming transaction or request insurance, contact the regional or sector leader directly, or email australia@bambonds.com
