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SINGAPORE: Temasek Financial has completed its maiden offering of Singdollar denominated 20- and 30-year bond notes worth S$600 million.
The S$300-million, 2029 bond has a coupon rate of four per cent, while the S$300 million 2039 bond carries a coupon rate of 4.2 per cent.
Temasek said the bonds were issued to Singapore-based institutional investors.
Temasek's chief financial officer, Ms Leong Wai Leng, said the bond sale is part of the firm's larger plan to issue Sing dollar bonds to complement its US dollar issues as public markers of its credit quality.
The Lead Manager and Dealer for the issuances was DBS Bank.
Temasek said approval in-principle has been obtained from SGX and the notes are expected to be listed on Tuesday.
- CNA/yb
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