Temasek raises £700m from sterling debut

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Temasek raises £700m from sterling debut

Temasek Holdings raised £700m from UK investors on Monday, making its sterling bond debut after finishing a series of investor meetings last week. But the state-owned investment fund did not stick with the full list of banks that took it to meet investors, hiring HSBC and UBS instead of Citi as bookrunners on the benchmark deal.

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