Clifford Capital offers rare triple-As

By Frances J. Yoon
30 Oct 2013

Clifford Capital Private Limited served up triple-A bonds on Tuesday selling a $300m five year and providing diversity from the only other highest rated issuer in the region – the Asian Development Bank.

The entity is Singapore’s first and only government-backed financing company for infrastructure projects. All three of the major rating agencies rates Singapore triple-A and the bonds are expected to carry the same rating. 

Joint bookrunners DBS, HSBC and Standard Chartered announced initial price guidance at 57bp-60bp over Treasuries ...

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