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MARKETS & INVESTING | Staff Reporter, Singapore

Temasek unveils €600m 6-year and €500m 12-year bonds

They’re due 2022 and 2028, respectively.

The investment company has launched both 6-year and 12-year bonds in euros, which will be used to finance its course of business.

According to a press release by Temasek Holdings, both issues were oversubscribed, with robust demands from high-quality investors.

“The issues were in response to enquiries from investors about highgrade euro bonds,” said Leong Wai Leng, Temasek’s chief financial officer.

“Our Temasek Bonds serve as public markers of our credit quality. They also increase our funding flexibility and enhance our capital efficiency,” Leong said.

“TFin-I intends to provide the net proceeds from the issuance of the T2022-EUR and T2028-EUR Temasek Bonds to Temasek and its investment holding companies to fund their ordinary course of business. The offering is scheduled to close on 1 March 2016,” the press release said. 

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