Nov 5 (Reuters) - U.S.-based investor Stonepeak said on Wednesday it plans to launch a redeemable, infrastructure-backed debt security on the Australian Securities Exchange after securing over A$300 million ($194.94 million) in cornerstone commitments.

The note will offer monthly interest payments linked to the one-month Bank Bill Swap benchmark rate (BBSW) plus a 3.25% annual margin and is expected to begin trading on December 10.

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"The Stonepeak-Plus INFRA1 Note will provide Australian investors access to regular monthly income generated through a curated portfolio of high-quality infrastructure debt assets," the firm said in a statement.

E&P Capital, Westpac, and Morgans among others are serving as joint lead managers for Stonepeak.

In September, Reuters reported that Stonepeak, which began investing in Asia in 2019 and manages $79.9 billion , opens new tab in assets globally, is seeking to raise as much as $4 billion for its second Asia-focused infrastructure fund.

(This story has been corrected to say assets under management is at $79.9 billion, not $76.3 billion, in paragraph 5)

https://www.reuters.com/world/asia-pacific/stonepeak-debut-195-million-debt-security-australia-2025-11-05/