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 10 years ago

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

Reply
Jasmin says 10 years ago

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

Reply
    lioninvestor says 10 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 10 years ago

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

Reply
    lioninvestor says 10 years ago

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

    Reply
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