Temasek offers dual tranche of 4-year and 10-year euro bonds

TEMASEK on Wednesday (Feb 8) said it is offering a dual tranche of four-year and 10-year bonds through its wholly-owned subsidiary Temasek Financial (I).

The T2027-EUR and T2033-EUR Temasek Bonds, to be issued under the subsidiary’s US$25 billion guaranteed global medium note programme, will be unconditionally and irrevocably guaranteed by Temasek. They will be listed on the Singapore Exchange, the state-owned investor said in a statement.

Temasek has been assigned an overall corporate credit rating of “Aaa” by Moody’s Investors Service and “AAA” by S&P Global Ratings.

Temasek Financial (I) intends to provide the net proceeds from the issuance of these bonds to Temasek and its investment holding companies, to fund their ordinary course of business.

These bonds will be offered outside the United States only to non-US citizens under Regulation S of the US Securities Act of 1933, Temasek noted.