Temasek Prices Eurobond Dual Tranche Offering for Global Medium Term Note Program

Posted on 02/10/2023

Temasek Financial (I) Limited is a unit of Singapore’s Temasek Holdings. Temasek priced its 4-year and 10-year euro bonds at 3.25% and 3.5%, respectively. The guaranteed notes are worth 750 million euros each and represent the 26th and 27th bond issues under Temasek subsidiary Temasek Financial (I)’s US$ 25 billion guaranteed global medium-term note program. The dual tranche offering is scheduled to close on February 15, 2023.

The dual tranche offering is comprised of a four-year T2027-EUR Temasek bond and a 10-year T2033-EUR Temasek bond.

The T2027-EUR Temasek Bond was priced at a spread of 25 basis points over the four-year benchmark euro mid-swap. Its coupon rate of 3.25% per annum will be paid annually.

On February 9, 2023, Temasek received interest in the bonds from high-quality institutional, accredited and other investors.

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