Temasek's ultra-long tenured bonds unlikely to kick-start corporate trend

Singapore

TEMASEK Holdings' latest offering of 50-year Singapore dollar (SGD) bonds may signal demand for longer-dated SGD bonds, but it is unlikely to kick-start a trend among corporate companies, analysts said.

The Temasek bond - priced at par with a yield to maturity of 2.8 per cent per annum - is in the SGD bond market where ultra-long tenure bonds are uncommon, they noted.