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Temasek, UOB tap euro-bond market in maiden issues

Issues come at a time when European investors diversifying away from govt bonds

Published Thu, Mar 3, 2016 · 09:50 PM

Singapore

TEMASEK Holdings and UOB have made fresh forays into the euro-denominated bond market in recent weeks, expanding their investor base into Europe and in the case of Singapore's investment company, boosting firepower for more investments in the region.

The latest funding strategy for the two Singapore bellwethers is one likewise taken by US corporates, as businesses take advantage of low borrowing costs in Europe at a time of easy monetary conditions, and strong demand for highly rated debt.

Temasek in late February sold 600 million euros (S$909 million) w…

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