As at the end of 2017, Clifford Capital has provided in excess of US$2.0 billion in total financing commitments in support of Singapore-based companies since inception. An overview of our portfolio across geographies is shown below (as at 31st December 2017).

Regional Distribution

Clifford Capital regularly accesses the capital markets under its US$1.35 billion Euro Medium Term Note Programme  (“EMTN”) and US$500 million Euro-Commercial Paper Programme. Our investor base comprises asset managers, banks, corporates, insurers, sovereigns and supranational agencies globally. We also have in place a number of committed and uncommitted credit lines with major international and Singaporean banks.

All of Clifford Capital’s funding is irrevocably and unconditionally guaranteed by the Government of Singapore (rated Aaa / AAA / AAA by Moody’s / S&P / Fitch).

The EMTN Programme is rated AAA by S&P and the ECP Programme P-1 by Moody’s and A-1+ by S&P.

Bonds issued under the EMTN programme may be in public or private placement format and the company has raised a total of US$1.9 billion since its establishment. Clifford Capital completed its maiden USD300 million public issue in 2013 with a 5-year maturity and since then has executed further issues on a private placement basis with maturities ranging from 3 to 15 years. The company returned to the public market with a US$300 million 10-year bond offering on 28 February 2018.

Series Number ISIN Code Issuance Date Maturity Date Currency Amount ($)

1

2

3

4

5

6

7

8

9

10

11

12

XS0974363557

XS1298404127

XS1309419668

XS1477135096

XS1483966476

XS1557988315

XS1650420265

XS1655853130

XS1662685756

XS1668470013

XS1685577287

XS1787595666

5-Nov-13

2-Oct-15

22-Oct-15

26-Aug-16

1-Sep-16

2-Feb-17

26-Jul-17

31-Jul-17

11-Aug-17

18-Aug-17

29-Sep-17

7-Mar-18

5-Nov-18

2-Oct-25

22-Oct-30

26-Aug-26

16-Aug-19

2-Feb-27

26-Jul-32

31-Jul-27

11-Aug-32

18-Aug-32

29-Sep-22

7-Mar-28

USD

USD

USD

USD

USD

USD

USD

USD

USD

USD

USD

USD

300,000,000

50,000,000

50,000,000

50,000,000

100,000,000

50,000,000

50,000,000

50,000,000

50,000,000

40,000,000

100,000,000

300,000,000

The Company therefore has access to a highly flexible and competitive funding base, with an ability to undertake debt at a wide range of maturities and on either a fixed or floating rate basis in accordance with its requirements, which are typically driven by its asset growth.