Singapore-headquartered Temasek Financial (I) Limited, a subsidiary of Temasek Holdings, has announced the launch of two new US dollar-denominated bonds. The offering includes a 2-year fixed rate bond and a 2-year floating rate bond, both issued under Temasek’s $25 billion Guaranteed Global Medium Term Note Programme. These bonds are unconditionally guaranteed by Temasek, which holds a top-tier credit rating of “Aaa” from Moody’s and “AAA” from S&P Global Ratings.
The proceeds from these bonds will be utilised by Temasek and its investment holding companies to support their regular business operations. The bonds are set to be listed on the Singapore Exchange Securities Trading Limited, although the exchange has not endorsed the merits of the bonds or the issuing entities.
Citi, Bank of America, Morgan Stanley, and Societe Generale are acting as joint bookrunners for this transaction. The bonds are being offered to qualified institutional buyers in the US under Rule 144A and to non-US persons under Regulation S.
This strategic move by Temasek aims to bolster its financial flexibility and support ongoing investments. The issuance reflects Temasek’s robust financial standing and its commitment to maintaining a strong presence in global financial markets.
“`
