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Temasek's first retail bonds eight times oversubscribed
Valid applications for the bond totalled $1.68b.
Temasek Holdings’ first public bond was over eight times subscribed when public offer closed on 23 October, according to an announcement.
“At the close of the public offer of up to $200m, valid applications received totalled $1.68b,” Temasek said.
Also read: Temasek to offer first retail bonds up to $400m
The T2023-S$ bond which comprises up to $400m notes at 2.7% is the first Temasek bond open to retail investors. Temasek first announced the public offer of said bonds which will be issued in denominations of $1,000 on 16 October.
Results for the allocation process which will take place after the close of the public offer will be announced by 24 October.
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