Temasek issues second exchangeable bond in two months

Temasek Holdings returned to the equity-linked markets last night, raising S$500 million ($390 million) worth of bonds exchangeable into Hong Kong-listed Li & Fung. The deal came less than two months after the Singapore investment company sold S$800 million worth of exchangeable bonds (EB) into Standard Chartered and was clearly designed to take advantage of the strong demand for that first transaction.