Singapore Project Finance Company Gets Traction
After lengthy debates, the Singapore Ministry of Finance moved forward to jump start the creation of a project finance company. Established in 2012, the company is named Clifford Capital and it will be managed as a commercially-run organization. In fact, its shareholders include Temasek Holdings, Development Bank of Singapore, Sumitomo Mitsui Banking Corporation, Prudential Assurance Company Singapore, John Hancock Life Insurance Company, and Standard Chartered Bank.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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