Temasek returns to local bonds to raise S$1bn
Temasek Holdings, Singapore’s state-owned investment fund, sold a S$1bn ($704m) 10 year deal in the country’s domestic bond market on Monday, tapping into strong investor demand to price the deal at the bottom of guidance.
ANZ, DBS, HSBC and Standard Chartered priced the bond at par with a 3.265% coupon equivalent to 40bp over Singapores swap offer rate. That was at the tight end of price guidance set between 40bp and 45bp over the swap offer rate.
The bookrunners announced the deal just
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