Clifford Capital Asset Finance Pte. Ltd.
Indicative
Full Lot
Indicative price as of 15 May 2026, 12:00am
Bond Issuer
Clifford Capital Asset Finance Pte. Ltd.
Guarantor
The Government of Singapore
Announcement Date
09 May 2023
Issue Date
16 May 2023
Maturity Date
16 May 2026
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.257
Coupon Type
Fixed
Annual Coupon Rate
4.257
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS2599087876
CUSIP
ZK5551476
Bond Currency
USD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Automatic Redemption following a Missed Payment Event:
If prior to the Maturity Date, a Missed Payment Event has occurred, the Issuer may remedy such Missed Payment Event by making full payment of the Missed Payment Remedy Amount (as defined elsewhere in the Terms and Conditions of the Notes) prior to 5.00 p.m. (Singapore time) on the fifth Business Day (as defined in the Terms and Conditions of the Notes) after the date on which a Missed Payment Event has occurred (the “Trigger Due Date”). If the Issuer fails to make full payment of the Missed Payment Remedy Amount prior to 5.00 p.m. (Singapore time) on the Trigger Due Date, the Early Redemption Amount in respect of each Note together with interest (if any) accrued to (but excluding) the Trigger Due Date shall be deemed to be due and payable by the Issuer on the Trigger Due Date, whereupon each Note shall be redeemed on the Guarantor Payment Date (as defined elsewhere in this Information Memorandum) by payment by the Guarantor of an amount equal to its Early Redemption Amount together with interest (if any) accrued to (but excluding) the Guarantor Payment Date (as defined elsewhere in this Information Memorandum).
“Missed Payment Event” means the non-payment (not taking into account any grace period) of any principal or interest in respect of the Notes by the Issuer on the date on which such principal or interest first falls due for payment or first becomes (whether through an acceleration of payment or otherwise) due and payable in accordance with the Terms and Conditions of the Notes.
See “Terms and Conditions of the Notes – Condition 5(c) (Automatic Redemption following a Missed Payment Event)” for further details.
