Fullerton makes debut with CGIF guarantee

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By GlobalCapital
30 Jun 2016

Fullerton Healthcare has made its debut in the Singapore dollar bond market, raising S$100m ($74m) from a deal backed by the Credit Guarantee and Investment Facility (CGIF). Bankers on the trade reckon the issuer’s sector, as well as the bond’s structure and currency, were the winning ingredients to navigate volatility.

It was November 2015 when CIMB reached out to Fullerton for a potential collaboration with CGIF. The Malaysian lender has worked on a few CGIF-backed deals and Fullerton was one of its existing clients.

“It’s the first healthcare company to work with CGIF, so it took two months to ...

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