Temasek's dual tranche bonds fully taken up

Singapore

SINGAPORE state investment firm Temasek Holdings on Thursday said its wholly-owned subsidiary Temasek Financial (I) Ltd (TFin-I) has priced its 12-year and 30-year guaranteed euro-denominated notes that drew strong demand from investors.

The 500 million euro (S$750.1 million) bond due 2031, which carries a coupon of 0.5 per cent, was priced at a spread of 40 basis points (bps) over the 12-year benchmark euro mid-swap rate. This 12-year note will be issued below par, at 98.742 per cent, to give a yield to maturity of 0.609 per cent per annum.