Temasek Holdings’ wholly-owned subsidiary, Temasek Financial (I) Limited, says it intends to launch an offering of a 50-year T2071-SGD Temasek Bond on Aug 10.
This comes almost two weeks after the group launched three tranche offerings of 10-, 20- and 40-year USD bonds.
The bond, which is guaranteed by Temasek, will be issued under Temasek Financial (I)’s US$25 billion ($33.9 billion) Guaranteed Global Medium Term Note Programme.
The net proceeds from the issuance of the bond will be used by Temasek and its investment holding companies for ordinary business purposes.
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Temasek will apply for the bond’s listing and quotation on the SGX-ST.
The bond will be offered outside the US only to non-US persons.
Temasek has been assigned an overall corporate rating of “Aaa” by Moody’s Investors Service and “AAA” by S&P Global Ratings.
Photo: Bloomberg
