Guaranteed by the Singapore government, the report shared: “The notes will carry a coupon rate of 1.733%, with the first payment due on 1 March 2020.”
Clifford Capital offers project finance, asset-backed and other structured debt financing, as well as buyers’ credit financing solutions for Singapore-based companies in support of their overseas investments or exports in the infrastructure, offshore marine and shipping sectors.
The following dates are subject to the deal offered by Clifford Capital:
- The settlement date: 10 Sep 2019
- First Payment to be made : 1 Mar 2020
- Date of Maturity : 10 Sep 2024
Meanwhile, the report highlighted that DBS bank, HSBC and Standard Chartered Bank have agreed to be the lead coordinator of this deal. As decided by Clifford Capital, the proceeds from the issuance of this bond which also forms part of the US$1.4 billion euro medium term note programme, will be used for corporate purposes.
The notes are expected to carry a rating of “AAA”, as suggested by Standard & Poor’s, according to the report.