Clifford Capital nabs guarantee for $300m

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By Morgan Davis
01 Mar 2018

Singaporean issuers in the dollar market are rare enough for investors, but those with a guarantee from the triple-A rated government are ever more unusual. Clifford Capital made the most of that rarity value this week, raising $300m from a government-guaranteed deal.

Since making its debut in the public dollar bond market in 2013, Clifford Capital has stayed in touch with investors through private placements and investor relations work, said a syndicate head. The company mandated banks on Tuesday, giving investors a day to update their assessments of the credit. ...

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