Temasek Financial (I) (TFin-I), a wholly-owned subsidiary of Temasek Holdings, intends to launch a three tranche offering comprising a 10-year T2031-USD Temasek Bond, a 20-year T2041-USD Temasek Bond and a 40-year T2061-USD Temasek Bond today.
The bonds will be issued under TFin-I’s US$25 billion Guaranteed Global Medium Term Note Programme, which will be unconditionally and irrevocably guaranteed by Temasek.
Temasek has been assigned an overall corporate credit rating of ‘Aaa’ by Moody’s Investors Service and ‘AAA’ by S&P Global Ratings.
See also: Temasek prices US$2.75 bil Temasek Bonds
TFin-I intends to provide the net proceeds from the issuance of the bonds to Temasek and its investment holding companies to fund their ordinary course of business.
Application will be made for the listing and quotation of the bonds on the Official List of the Singapore Exchange Securities Trading (SGX-ST).
The bonds will be offered in the United States only to qualified institutional buyers that are also qualified purchasers pursuant to Rule 144A under the US Securities Act of 1933, and outside the United States only to non-US persons under Regulation S of the Securities Act.
