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