Temasek prices maiden £700 million sterling bond

One of Singapore’s most seasoned borrowers, Temasek issues its first sterling-denominated bond, while BEA closes off last week with a $150 million tap of its recently issued 2020 subordinated debt.

Temasek has opened this week with the issue of its inaugural sterling bond, a 700 million $1.07 billion AaaAAA-rated issue. This is the first time the Singaporean investment company has priced a bond denominated in pounds and the first time an Asian corporate has issued in sterling since ICICI Bank priced a 350 million bond in 2007. And being such a rare event, investors were keen to buy into the transaction.

After going on the road early...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES