Project finance gets a boost with first Asian CLO

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By Morgan Davis
19 Jul 2018

Singapore’s Clifford Capital is marketing its debut collateralised loan obligation cash flow securitization, seeking $458m through a newly established special purpose company, Bayfront Infrastructure Capital. The trade is the first of its kind, marking the first fully project finance-backed CLO in Asia. Morgan Davis reports.

Asia has an undeniable need for funds when it comes to infrastructure and related projects, but investors have few opportunities to buy into publicly syndicated project finance deals. Indonesia’s Star Energy Geothermal, for instance, sold a rare project bond in April, using its $580m fundraise to back a ...

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