US$180 million joint venture between Clifford Capital Holdings Pte. Ltd. and Asian Infrastructure Investment Bank to establish infrastructure financing platform
Allen & Gledhill advised Clifford Capital Holdings Pte. Ltd. (“CCH”), as transaction counsel, on its joint venture with Asian Infrastructure Investment Bank (“AIIB”) to establish Bayfront Infrastructure Management Pte. Ltd. (“Bayfront”), a US$180 million infrastructure financing platform.
CCH and AIIB have agreed to contribute up to US$126 million and US$54 million, respectively, to Bayfront, which aims to address the infrastructure financing gap across the Asia-Pacific and will securitise brownfield projects and infrastructure loans acquired from banks to be sold to institutional investors. Such securities to be sold by Bayfront will be supported by a guarantee provided from the Government of Singapore (“Government Guarantee”).
Advising Bayfront and CCH on the structuring and joint venture aspects of the transaction were Allen & Gledhill Partners Chiam Tao Koon, Ko Xiaozheng, Karen Tiah and Aloysius Ng.
Advising Bayfront on the Government Guarantee were Allen & Gledhill Partners Chiam Tao Koon, Ko Xiaozheng, Yeo Wico and Jeanne Ong.
