Singapore’s state investment firm Temasek announced on Thursday that its subsidiary has priced two U.S. dollar-denominated bonds worth a combined US$1.5 billion, following the launch of the offer a day earlier under its US$25 billion medium-term note programme.
Temasek Financial (I) issued two-year bonds of US$750 million each — one carrying a fixed coupon of 3.75% and the other set at 38 basis points above the Secured Overnight Financing Rate (SOFR), according to a filing with the Singapore Exchange.
Proceeds from the issuance will be used to support Temasek and its investment holding companies in their regular business activities.
Citi, Bank of America, Morgan Stanley, and Société Générale acted as joint bookrunners for the deal.
Source: Reuters
