Clifford Capital seals project finance CLO

Singapore adobe stock AS 230x150
By Morgan Davis
26 Jul 2018

Singapore’s Clifford Capital closed its inaugural collateralised loan obligation on Wednesday, raising $458m from the first fully project finance-backed CLO in Asia.

Clifford Capital, which is 40.5% indirectly owned by Temasek Holdings, made its debut in the CLO market on July 17, when it began marketing its new transaction. The deal had been a long time in the making — it had been discussed since 2015 and actively planned ...

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