Business

Singapore Temasek to issue 10.5-year, 30-year bonds

SINGAPORE, July 16 — Singapore state investor Temasek Holdings said today it will launch a dual tranche bond offering, comprising 10.5-year and 30-year bonds, as it returns to the debt market after an absence of two years.

Temasek did not state the issue size, but benchmark issues typically exceed $500 million. It said proceeds will be used by “Temasek and its investment holding companies to fund their ordinary course of business.”

Standard & Poor's and Moody's have rated the bonds AAA.

IFR Asia, a Thomson Reuters service, said the lead managers for the Temasek issue are Citigroup, Deutsche Bank , Goldman Sachs and UBS. — Reuters

Comments

Please note that you must sign up with disqus.com before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments