Temasek to offer S$1 bln benchmark bond
The Singapore state investor expressed intentions to launch a S$1 billion 40-year benchmark Temasek bond set to mature in August 2050.
Temasek Holdings (Private) Limited (Temasek) intends to launch a S$1 billion 40-year benchmark T2050-SGD Temasek Bond through its wholly-owned subsidiary, Temasek Financial (I) Limited (TFin-I), according to a Temasek announcement.
The T2050-SGD Temasek Bond to be issued by TFin-I under its US$10 billion Guaranteed Global Medium Term Note Program will be fully and unconditionally guaranteed by Temasek.
Said bond will provide funds to Temasek and its investment holding companies for their ordinary course of business.
Temasek has mandated DBS Bank Ltd. (Global Coordinator) and Standard Chartered Bank as Joint Lead Managers and Bookrunners for the issuance of the T2050-SGD Temasek Bond.
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