Notes will be 'unconditionally' and 'irrevocably' guaranteed by Temasek.
Temasek launched a $5b guaranteed medium-term note program through its subsidiary Temasek Financial, an announcement revealed.
Upon issuance, notes under the programme will be “unconditionally and irrevocably” guaranteed by the firm. Said notes are allowed for offering in accordance with Singapore regulations.
Meanwhile, Temasek revealed that notes offered under the seasoning framework or the exemption regulations for straight debentures will comprise a public offer to retail investors in Singapore.
DBS has been appointed as the arranger of the programme whilst Hongkong and Shanghai Banking Singapore Branch, OCBC, Standard Chartered, Standard Chartered Singapore, and UOB will be the programme’s dealers.
"Application has been made to the Singapore Exchange Securities Trading (SGX-ST) for permission to deal in and for the quotation of any notes, which are agreed at the time of issue to be listed on the SGX-ST," the firm said.
Temasek said that it will announce when notes can be issued as well as the details for the subscription.
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