Published on 10/29/2013 in the Prospect News Emerging Markets Daily.
New Issue: Singapore's Clifford Capital sells $300 million 1 5/8% notes due 2018 at 53 bps spread
By Christine Van Dusen
Atlanta, Oct. 29 - Singapore's Clifford Capital priced $300 million 1 5/8% five-year notes (expected rating: /AAA/) at 99.105 to yield 1.813%, or Treasuries plus 53 basis points, a market source said.
DBS Securities, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.
Issuer: | Clifford Capital
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Amount: | $300 million
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Maturity: | Nov. 5, 2018
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Description: | Senior notes
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Bookrunners: | DBS Securities, HSBC, Standard Chartered Bank
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Coupon: | 1 5/8%
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Price: | 99.105
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Yield: | 1.813%
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Spread: | Treasuries plus 53 bps
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Trade date: | Oct. 29
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Settlement date: | Nov. 5
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Expected rating: Standard & Poor's: AAA
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Distribution: | Regulation S
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