| NEWS ARCHIVES |
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| Temasek to offer S$1bil bonds due in 2020 |
| 8 Feb 2010 |
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Singapore investment firm Temasek Holdings said today that its unit, Temasek Financial, will offer 1 billion dollars of guaranteed notes due in 2020.
The issuance is part of Temasek's 10 billion US dollar global medium-term note programme.
Net proceeds from the issuance will be used by Temasek and its investment holding companies to fund their ordinary course of business.
Temasek is likely to price the 10-year bond later today.
It’s reportedly looking to pay 40 to 45 basis points over the Singapore government's 10-year swap offer rate.
ANZ, DBS, HSBC and Standard Chartered are the lead managers for the 1 billion dollar bond.
On Friday, Temasek announced that it increasing the limit of its 5 billion US dollar medium-term note programme to 10 billion US dollars.
The move is to cater to the possibility of future issues.
Under the programme, notes issued by the issuer are fully and unconditionally guaranteed by Temasek.
Temasek is rated triple-A by Standard & Poor's and Moody's Investors Service.
It has already raised close to 4.2 billion US dollars and with this latest issue, Temasek will still have another 5 billion US dollars of bonds it can issue. |