Temasek closer to first retail bond with new S$5b programme

Singapore

That possibility took a significant step closer to reality on Friday, when the Singapore government-owned investment firm announced the establishment of a S$5 billion guaranteed medium-term note programme.

The programme marks Temasek's intention to possibly offer notes to mom-and-pop investors under the Singapore Exchange's "seasoning" framework. No bonds are currently being offered yet, but the establishment of the programme suggests that the firm could be targeting an offering within the next few months.