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Public offer of Temasek first retail bonds just over 8 times subscribed

Bonds and treasuries

Public offer of Temasek first retail bonds just over 8 times subscribed

PC Lee Published on Tue, Oct 23, 2018 / 6:09 PM GMT+8

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SINGAPORE (Oct 23): Temasek Holdings says its T2023-S$ Temasek Bond public offer was slightly over eight times subscribed.

As at the close of the public offer at Tuesday 12 noon, just over $1.6 billion of valid applications were received.

The total offering size of the 2.70% guaranteed notes due 2023 is up to $400 million, which comprises a $200 million placement tranche and a public offer tranche of up to $200 million.