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Notes issued under the Euro Medium Term Note Programme (“EMTN Programme”) and the Euro-Commercial Paper Programme (“ECP Programme”) may not be offered or sold within the United States.
(a) The Offering Circular pursuant to the EMTN Programme, (b) the Information Memorandum pursuant to the ECP Programme, and (bc) general information (collectively, the “Information”) contained herein is for information purposes only. It neither constitutes an offer nor an invitation nor a recommendation to subscribe for or to purchase, to hold or sell notes, nor is the Information contained herein meant to be complete or to serve as a basis for any kind of obligation, contractual or otherwise. The Information posted on this page is being provided as a historical, reference source only and is not being used, and no one is authorized to use, disseminate or distribute it, in connection with any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, notes. The Information is current only as at its date and such availability of the Information on this website shall not create any implication that there has been no change in Clifford Capital's or the Government of Singapore's affairs since the date of the Information or that the information, statements or opinions contained therein are current as at any time subsequent to such date. Clifford Capital is under no obligation to update the information on this page. The Information may contain forward-looking statements, estimates and projections. Such statements, estimates and projections are not guarantees of future performance and undue reliance should not be placed on them.
Investors
Clifford Capital Holdings (“CCH”)
Credit Ratings
Fitch | S&P | Moody’s | |
---|---|---|---|
Long‐term issuer rating | AAA / Stable | AA+ / Stable | Aa1 / Stable |
Short‐term issuer rating | F1+ | A-1+ | P-1 |
Standalone assessment | – | bbb | baa2 |
Singapore Government rating | AAA / Stable | AAA / Stable | Aaa / Stable |
Clifford Capital Pte. Ltd. (“CCPL”)
Euro Medium Term Notes (EMTN)
Our US$2.5 billion (effective 1 August 2023) EMTN programme is irrevocably and unconditionally guaranteed by the Government of Singapore, and is rated AAA by S&P.
The bonds issued under the EMTN programme may be in public or private placement format.
List of issued bonds
Series No. | ISIN Code | Issue Date | Maturity Date | Currency | Amount |
---|---|---|---|---|---|
1 | XS0974363557* | 05 Nov 13 | 05 Nov 18 | USD | 300,000,000 |
2 | XS1298404127 | 02 Oct 15 | 02 Oct 25 | USD | 50,000,000 |
3 | XS1309419668 | 22 Oct 15 | 22 Oct 30 | USD | 50,000,000 |
4 | XS1477135096 | 26 Aug 16 | 26 Aug 26 | USD | 50,000,000 |
5 | XS1483966476 | 01 Sep 16 | 16 Aug 19 | USD | 100,000,000 |
6 | XS1557988315 | 02 Feb 17 | 02 Feb 27 | USD | 50,000,000 |
7 | XS1650420265 | 26 Jul 17 | 26 Jul 32 | USD | 50,000,000 |
8 | XS1655853130 | 31 Jul 17 | 31 Jul 27 | USD | 50,000,000 |
9 | XS1662685756 | 11 Aug 17 | 11 Aug 32 | USD | 50,000,000 |
10 | XS1668470013 | 18 Aug 17 | 18 Aug 32 | USD | 40,000,000 |
11 | XS1685577287 | 29 Sep 17 | 29 Sep 22 | USD | 100,000,000 |
12 | XS1787595666* | 07 Mar 18 | 07 Mar 28 | USD | 300,000,000 |
13 | XS1909387943* | 15 Nov 18 | 15 Nov 21 | USD | 300,000,000 |
14 | XS2051060817* | 10 Sep 19 | 10 Sep 24 | USD | 300,000,000 |
15 | XS2315804414* | 23 Mar 21 | 23 Mar 26 | USD | 500,000,000 |
16 | XS2539344684 | 28 Sep 22 | 28 Sep 27 | USD | 200,000,000 |
17 | AU3CB0302107* | 31 Aug 23 | 31 Aug 28 | AUD | 350,000,000 |
18 | XS2949309905* | 14 Jan 25 | 14 Jan 30 | USD | 500,000,000 |
Euro Commercial Paper (ECP)
Our US$700 million ECP programme is irrevocably and unconditionally guaranteed by the Government of Singapore and is rated P-1 by Moody’s and A-1+ by S&P. The ECP market provides us with access to competitive short-term funding and further complements our funding base.
Our current ECP programme dealers are Barclays, BRED Banque Populaire, Citibank, and UBS.
For more information on the ECP programme, please see:
Information Memorandum
Moody’s ECP Programme Rating
S&P ECP Programme Rating
Bayfront Infrastructure Management
Medium Term Notes
Bayfront priced an inaugural 3-year US$500 million fixed-note notes offering on 16 May 2023. Rated AAA by S&P, the bond is irrevocably and unconditionally guaranteed by the Government of Singapore. The note (ISIN: XS2599087876) was priced at par at an all-in coupon of 4.257% with a 2026 maturity.
HSBC and Standard Chartered Bank are the Joint Lead Managers for the transaction.
Euro Commercial Paper (ECP)
Our US$500 million ECP programme is irrevocably and unconditionally guaranteed by the Government of Singapore and is rated P-1 by Moody’s and A-1+ by S&P. The ECP market provides us with access to competitive short-term funding and further complements our funding base.
Our current ECP programme dealers are ANZ, BRED, Citigroup and UBS.
For more information on the ECP programme, please see:
Information Memorandum
Supplemental IM
Moody’s ECP Programme Rating
S&P ECP Programme Rating