Tag: temasek

Clifford Lee, head of fixed income at DBS, explains why Temasek's S$1 billion sale of Singapore dollar-denominated 10-year bonds will help the market attract more high-grade ... Temasek executes its second local currency bond deal for the year with a dual-tranche S$1 billion issue off its global medium-term note programme. The Singapore dollar-denominated transaction is well received by insurance companies in particular, despite pricing at a tight spread. Temasek, the Singapore state-owned investment company, taps the international bond market for $500 million with a 30-year issue less than a month after raising $1.5 billion. Singapore's top investment company Temasek rides the wave of global enthusiasm for Asian bonds with a $1.5 billion 10-year deal. Singapore-owned Singtel Optus, a major mobile phone provider in Australia, joins Temasek-linked ST Engineering and PSA in issuing 10-year US dollar bonds. The $100 million upsize option increases Olam's initial seven-year convertible bond to $500 million. The Singapore-based investment firm sees its portfolio decline by 7.5% due to the fallout from the financial crisis which it refers to as the worst crisis since the Great ... Changes in Temasek's charter show that the investment arm of the Singapore government will exercise its rights as a shareholder to help create sustainable value. During a luncheon speech in Singapore, CEO Ho Ching discusses succession planning and compensation issues as well as Temasek's strategy. Nomura research on Temasek reckons changes are likely under incoming CEO Charles Goodyear and comments on the firm's returns on its financial sector investments. Another Temasek-investee company sets out to raise capital through a rights issue, which helps to keep Singapore at the top of the rights issuance league table. The Singapore investment firm invests $305 million to take a 13.8% stake in commodities trader Olam. The Indonesian bank, which is two-thirds owned by Temasek, offers new shares at a 55.6% discount to yesterday's close, although the deal won't open until early April. Temasek's overnight sale of PowerSeraya to Malaysia's YTL Power for $2.5 billion contributes to making Southeast Asia a leading market for M&A deals this year. Temasek sells its controlling interest in Singapore Food Industries to a subsidiary of Singapore Airlines and realises $219 million. The Dutch bank hires the industry veteran to head up its financial institutions business. Morgan Stanley veteran and head of Southeast Asia investment banking Rohit Sipahimalani makes a fourth-quarter departure to Singapore's Temasek. Maybank negotiates a 15% rebate on the original price from Fullerton and Kookmin. Malaysia’s central bank tells the country’s biggest lender to cut the offer price or cancel its bid for Bank Internasional Indonesia.