Temasek to offer 10, 30.5 and 50-year US dollar bonds

Fiona Lam

Published Tue, Sep 29, 2020 · 02:08 AM

TEMASEK Financial (I) Limited (TFin-I), a wholly-owned subsidiary of Temasek Holdings, intends to launch a 50-year bond as part of its three-tranche offering of US dollar (USD) bonds on Tuesday.

The offering will comprise a 10-year T2030-USD Temasek bond, a 30.5-year T2051-USD Temasek bond, as well as a 50-year T2070-USD Temasek bond. They will be unconditionally and irrevocably guaranteed by the Singapore state investment firm.

The new bonds will be issued under TFin-I's US$25 billion guaranteed global medium-term note programme.

TFin-I plans to provide the net proceeds from the issuance to Temasek and the latter's investment holding companies to fund their ordinary course of business.

Temasek has been assigned an overall corporate credit rating of Aaa by Moody's Investors Service and AAA by S&P Global Ratings.

In a statement on Tuesday, the investment firm said an application will be made for the listing and quotation of the three new bonds on the Singapore Exchange.