Temasek to offer first retail bonds up to $400m

The proposed bonds will be open to retail investors for the first time.

State investment firm Temasek is planning to offer new five-year bonds through its subsidiary Temasek Financial (IV) Private Limited, an announcement revealed.

The new T2023-S$ Temasek Bond is expected to comprise up to $400m in aggregate principal amount of five-year guaranteed notes maturing in 2023. There will be an option to upsize the offer up to a maximum of $500m.

The proposed bond will be split into placements between institutional, accredited and other specified investors, as well as the public offer tranche that will be open to retail investors in Singapore. The firm intends to list the bonds on the Singapore Exchange Securities Trading Limited.

The bond will be issued in denominations of $1,000 and will be offered under Temasek Financial’s $5b guaranteed medium term note programme established on 3 August.

The T2023-S$ Temasek Bond was rated “Aaa” by Moody’s Investors Service (Moody’s) and is expected to be rated “AAA” by S&P Global Ratings (S&P).

Also Read

Dasin Retail Trust officials deny misconduct allegations

Keppel Infrastructure Trust’s income hit by distribution and storage segment setback

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit