Martin Lee @ Sg
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Temasek Launches 15 and 25 Year Sing-Dollar Bonds

Temasek Holdings yesterday announced that it has priced S$500 million 3.785% Guaranteed Notes due 2025 and S$500 million 4.0475% Guaranteed Notes due 2035 to be issued by its wholly owned subsidiary, Temasek Financial (I) Limited, under the Issuer’s US$10.0 billion Guaranteed Global Medium Term Note Program.

The 15-Year Notes and the 25-Year Notes will be fully and unconditionally guaranteed by Temasek.

temasek logoThe 15-Year Notes were priced at a spread of 50 bps over 15-year S$ Swap Offer Rates. The issue price was at par, with a yield of 3.785%. The 25-Year Notes were priced at a spread of 65 bps over interpolated 20-year and 30-year S$ Swap Offer Rates. The issue price was at par, with a yield of 4.0475%.

Temasek is rated AAA by Standard & Poor’s and Aaa by Moody’s Investors Service, and the 15-Year Notes and the 25-Year Notes are rated AAA by Standard & Poor’s and Aaa by Moody’s Investors Service.

The Issuer intends to provide the net proceeds from the offering of the 15-Year Notes and the 25-Year Notes to Temasek and its investment holding companies to fund their ordinary course of business.

The offering is scheduled to close on 5 March 2010.

The 15-Year Notes and the 25-Year Notes are expected to be listed on the Singapore Exchange Securities Trading Limited on 8 March 2010.

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5 comments
MS D says 9 years ago

the bond will be paid semi-annual or quarterly basis?

Reply
Jasmin says 9 years ago

Hi Lioninvestor,
Do you mean get it when it is listed AND the min is still 200k?
Thanks.

Reply
    lioninvestor says 9 years ago

    Yes. Actually the usual bond size traded here is $250k but according to TKL, the Temasek bond is S$200k.

    Reply
Jasmin says 9 years ago

May I ask who is the issuer and how to get this type of bonds?
Thanks.

Reply
    lioninvestor says 9 years ago

    Can get from secondary market but need min $200k though.

    Reply
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