Temasek Plans Dual Tranche Bond Offering
Singapore’s Temasek Holdings is planning a dual tranche bond offering through its wholly-owned subsidiary, Temasek Financial (I) Limited. The bonds will be issued by Temasek Financial (I) Limited under their US$ 10 billion Guaranteed Global Medium Term Note Program and will be fully and unconditionally guaranteed by Temasek Holdings. The offering will be comprised of a benchmark 10.5-year and 30-year bond.
Standard & Poor’s and Moody’s have rated the bonds AAA.