Temasek unit to issue PE-backed bonds targeting retail investors
The Azalea Group hopes to raise a total of about US$500 million from the bond issuance
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Genevieve Cua
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Singapore
THE Azalea Group, a Temasek subsidiary, is launching a private equity bond with a tranche targeted at retail investors, a structure which is believed to be a first in the world.
The group hopes to raise a total of about US$500 million from the bond issuance. The retail tranche of S$242 million will be available for subscription through ATMs for a minimum investment of S$2,000.
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