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
|
| Amount: | $300 million
|
| Maturity: | Nov. 5, 2018
|
| Description: | Senior notes
|
| Bookrunners: | DBS Securities, HSBC, Standard Chartered Bank
|
| Coupon: | 1 5/8%
|
| Price: | 99.105
|
| Yield: | 1.813%
|
| Spread: | Treasuries plus 53 bps
|
| Trade date: | Oct. 29
|
| Settlement date: | Nov. 5
|
| Expected rating: Standard & Poor's: AAA
|
| Distribution: | Regulation S
|
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