temasek-returns-with-a-dualtranche-s1-billion-deal

Temasek returns with a dual-tranche S$1 billion deal

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.

Only two weeks after Temasek Holdings Private Limited issued a S$1 billion 10-year benchmark deal, the Singapore investment house returned to the local bond market with a dual-tranche Reg-S S$1 billion $708 million transaction on Wednesday night.

The sale was under Temasek Financial Limited's global medium-term note programme and consisted of two $500 million securities. The first tranche is set to mature on March 5, 2025, paying a coupon of 3.785%. The second note holds a 4.0475% coupon and will mature on March 5, 2035. Both were re-offered at par hence yielding 3.785% for the 15-year and 4.0475% for the 25-year notes.

At final pricing, the...

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