temasek-sells-s1-billion-of-10year-bonds

Temasek sells S$1 billion of 10-year bonds

The Singapore dollar-denominated transaction is well received by insurance companies in particular, despite pricing at a tight spread.

Temasek Holdings yesterday raised S$1 billion $703 million from the sale of Singapore dollar-denominated 10-year bonds -- its fifth bond sale in just four months. The aggressive capital raising suggests that the Singapore government-owned investment firm is gearing up to make new investments.

In a press release issued in connection with the launch of the bond yesterday morning, Temasek said the proceeds will be used by Temasek and its investment holding companies to fund their ordinary course of business.

A Singapore dollar-denominated, triple-A rated, 10-year liquid benchmark of this size is a rarity, especially outside the banking sector and the deal was well received, despite the recent volatility in global bond markets. According to a...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222