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SINGAPORE : Singapore investment firm Temasek Holdings says it will issue 10-year bonds due in 2019.
In a statement, Temasek said it will issue a "benchmark" offering, which typically means a placement of at least US$500 million.
Its wholly-owned subsidiary, Temasek Financial, will place out the bonds under its US$5 billion global medium-term note programme.
Under the programme, the bonds are guaranteed by Temasek.
Temasek is rated AAA by credit agencies Standard & Poor's and Moody's Investor Services.
Net proceeds from the offering will be used by Temasek and its subsidiary companies to fund their ordinary course of business.
Deutsche Bank, Goldman Sachs and Morgan Stanley are the joint bookrunners for the issue. - CNA/ls
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